Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

I welcome the Governor, Professor Honohan. To revert to his opening statement this morning, he spoke about an alternative strategy, as distinct from the blanket guarantee. Had the guarantee been managed differently, would the Irish citizens now be on the hook for €40 billion, which is what the Governor has estimated to be the cost? As I find that to be an outstanding statement, the Governor should elaborate on this. Had Professor Honohan been Governor at the time-----