1 Mr. Noonan (Limerick East) asked the Minister for Finance if, in view of the refusal of the Bundesbank to cut interest rates during the months when the Irish pound was under pressure, in view of its immediate decision to cut interest rates when the Danish krone came under pressure and in view of the fact that the central banks of EMS countries intervened in accordance with their ERM obligations in support of the Punt, but acted beyond their obligations in supporting the Danish krone, he is still of the view that continuance in the narrow ERM band is in the national interest; and if he will make a statement on the matter.

Summary

1 Mr. Noonan (Limerick East) asked the Minister for Finance if, in view of the refusal of the Bundesbank to cut interest rates during the months when the Irish pound was under pressure, in view of its immediate decision to cut interest rates when the Danish krone came under pressure and in view of the fact that the central banks of EMS countries intervened in accordance with their ERM obligations in support of the Punt, but acted beyond their obligations in supporting the Danish krone, he is still of the view that continuance in the narrow ERM band is in the national interest; and if he will make a statement on the matter.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Ceisteanna— Questions. Oral Answers. - Currency Crisis.

  xml · EN · 11 February 1993

  ViewDownloadOpen at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.