Fianna Fáil member of the Oireachtas Banking Inquiry Senator Marc Mac Sharry has said it is totally unacceptable that the IMF and OECD have joined the ECB in refusing to attend public sessions of the Oireachtas Banking Inquiry.
Senator Mac Sharry commented: “The people who sacrificed most during the economic crisis deserve to hear from the organisations central to advice, analysis and performance during the relevant period of investigation. It is unacceptable for the IMF, the OECD and the ECB to publicly shun the Banking Inquiry. The organisation most responsible for all monetary policy, the ECB, has already refused to attend and now the IMF and OECD, a key body for economic analysis and forecasting, have also said they will not attend public hearings of this investigation.
“The simple fact of the matter is if this inquiry was being held in another EU member state like Germany these key players would have little choice but to attend. Why are the Irish people being treated with such disrespect?
“The Oireachtas Banking Inquiry is a statutory investigation established to provide answers to the banking and economic crisis so that no-one need suffer in this way again. Without the participation of all relevant witnesses the completion of this inquiry’s work is seriously called into question.”