European Central Bank executive board member Jose Manuel Gonzalez-Paramo said today that National Asset Management Agency (Nama) and efforts by the Irish Government to stabilise the national finances are helping to restore confidence in Irish banks.
Mr Gonzalez-Paramo comments came during an event hosted by the Institute of International and European Affairs at the Dublin Writer's Museum today.
Mr Gonzalez-Paramo also said that price stability remains the central bank's "primary objective."
"The creation of the European Systemic Risk Board doesn't change in any manner the allocation of responsibilities among policy makers," said Mr Gonzalez-Paramo.
This includes "the unambiguous establishment of the maintenance of price stability as the primary objective of the ECB's monetary policy."
Agencies