An Independent TD says Dáil members should be given professional training to help them make better decisions about the country's finances.

Stephen Donnelly was speaking at a conference organised by the European Commission and the Dublin Chamber of Commerce examining the post-Troika future of Ireland.

He says the Dáil "utterly failed" to prevent our economic collapse and is one of the worst parliaments in the developed world at probing fiscal policy.

Stephen Donnelly says professional training is the answer.

European Commission Secretary-General Catherine Day outlined the role of "Semester Officers" who will keep an eye on our fiscal policies in the years ahead.

Meanwhile the Junior Finance Minister says he believes the public "likes" the idea of economic surveillance by Europe in post-Troika Ireland.

Minister Hayes says he thinks the public approved of Troika surveillance and will support more monitoring in the future.