European Central Bank

Dáil Éireann Debate, Wednesday - 18 September 2013

Wednesday, 18 September 2013

Questions (161)

Andrew Doyle

Question:

161. Deputy Andrew Doyle asked the Minister for Finance the arrangements his Department has in place for a liaison office to the European Central Bank in Frankfurt Germany; and if he will make a statement on the matter. [37138/13]

Written answers

Minister for Finance

The European Central Bank is an independent treaty-based institution. As the Deputy will be aware, the Governor of the Central Bank of Ireland, while independent, is a member of the Governing Council of the ECB, along with the other 27 governors of the national central banks of the other EU member states. Both I and my officials continue to have ongoing engagement with the ECB, including at meetings of the Eurogroup and ECOFIN. In light of the above, it is not considered appropriate nor necessary to invest in a specific liaison office in Frankfurt at this time.