Professor Patrick Honohan:

Yes, I think I would agree with that. International management of the crisis has been praised by many people close to the decision makers but I think it could have been better. It was fairly good after an interval lasting from late September to the first week or so of October, when it was not good. Towards the middle of October, with considerable thanks to the British authorities for catalysing international consensus, the international action was good but then it faded in quality approximately a year later.