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Head of Financial Regulation at Ireland's central bank Matthew Elderfield said, “It is a distinctly unpleasant situation to be asked to put out a fire and to find your fire extinguisher is half-full and that the only way to get a re-load is to increase debt and austerity.”

Photographer: Jason Alden/Bloomberg

Head of Financial Regulation at Ireland's central bank Matthew Elderfield said, “It is a distinctly unpleasant situation to be asked to put out a fire and to find your fire extinguisher is half-full and that the only way to get a re-load is to increase debt and austerity.”
November 26, 2012
Article
ECB Needs Extinguisher Before Banking Union, Elderfield Says
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