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European Central Bank Issues

Dáil Éireann Debate, Thursday - 3 October 2013

Thursday, 3 October 2013

Questions (63)

Peter Mathews

Question:

63. Deputy Peter Mathews asked the Minister for Finance if he has considered initiating judicial review proceedings at the European Court of Justice, under Statute Article 35.1 of the ECB Statute, insisting on a full discovery of all the communications between Jean Claude Trichet, his executive directors, the German Government and German Central Bank and records of the ECB contacts, if there were any, with holders of unsecured Irish bank bonds; and if he will make a statement on the matter. [41483/13]

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Written answers

I have not initiated Judicial Review proceedings at the Court of Justice of the European Union in respect of any decision of the ECB. Nor do I consider that the initiation of proceedings as suggested would be necessary. The Government maintains a close co-operative relationship with the ECB and the interests of the State are best served by dealing with the ECB in the context of that relationship. Of course this would not preclude the initiation of such proceedings in the event that same should become necessary because of a legally questionable decision of the ECB which adversely impacted the State and which could not be resolved through dialogue.

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