Oireachtas Joint and Select Committees

Wednesday, 16 January 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Matters Relating to the Economy: Discussion with Governor of Central Bank

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2:20 pm

Professor Patrick Honohan:

We have taken monitoring step-by-step over the past 15 months. Until 15 months ago I would have stated we expected the banks to step up to the plate on their own. However at that point we felt there were not that many cures.

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