Oireachtas Joint and Select Committees
Thursday, 15 January 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Professor Patrick Honohan:
No, I did not know anything about the extent of the situation. My critique of the guarantee was limited to the points I have raised several times about subordinated debt. What I am saying is that that should have been on the table and discussed with colleagues. That might not have been the best end result but it should have been a realistic threat point to encourage a co-operative solution.
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