Oireachtas Joint and Select Committees

Wednesday, 25 September 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

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

4:00 pm

Photo of Dara MurphyDara Murphy (Cork North Central, Fine Gael) | Oireachtas source

The troika, the Government and the Minister have all set the banks targets. The banks came in here and they were delighted with themselves. They had all achieved their targets, most of them with plenty to spare. Professor Honohan stated that the banks are getting through the volumes. Does the Governor believe there is a danger that because under the mode two and mode three offers - reasonably or very unsatisfactory solutions for people - they will move through to unsatisfactory solutions just to achieve the targets they have been set?

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