Oireachtas Joint and Select Committees
Thursday, 27 September 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Fiscal Assessment Report September 2012: Discussion with Irish Fiscal Advisory Council
3:50 pm
Professor John McHale:
I cannot see an argument that our bond yields would come down as a result of removing the guarantee. It goes back to the reasons I gave previously in the sense that the implicit guarantee is still there and the revenues are not coming in. Part of those revenues are coming from State-owned banks,-----
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