Thursday 27 October 2016

Michael Noonan and Ajai Chopra to give evidence at final day of Banking Inquiry hearings

Published 10/09/2015 | 07:33

Ajai Chopra
Ajai Chopra

Finance Minister Michael Noonan and former International Monetary Fund (IMF) official Ajai Chopra are set to give evidence at the Oireachtas Banking Inquiry later today.

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Mr Chopra is expected to reiterate his view that the European Central Bank (ECB) over-stepped its remit and bounced Ireland into the 2010 bailout.

Mr Chopra became the public face of the so-called Troika that arrived in Ireland in November 2010 as a senior member of the bailout monitoring team.

He was called to give evidence to the Inquiry after the Irish Independent revealed last April Mr Chopra's view that the ECB acted in an "outrageous" manner and pressured Ireland to commit to years of austerity back in 2010.

Minister Noonan will be the last witness on the final day of hearings at the inquiry.

He is expected to focus on the current Government's responses to the crisis since taking office in 2011.

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