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

4:10 pm

Photo of Peter MathewsPeter Mathews (Dublin South, Fine Gael) | Oireachtas source

I asked the last day if Professor Honohan felt he was being pushed around by the European Central Bank council and he said "No". I ask the question again and I ask that he not be pushed around. I do not believe consequences will be dire. As Deputy Boyd Barrett noted, we are into almost a primary equivalence in our deficit, and we do not need the five card trickery mentioned by the witness posed in our faces. We have the resources to continue and by all moral and financial measurement, we should be exonerated from debts imposed on us that saved the system, although the system still is not safe.

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