Oireachtas Joint and Select Committees
Thursday, 15 January 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Professor Patrick Honohan:
First of all, the extreme difficulties that were suffered by those people are mainly paying for the rebalancing of the fiscal accounts and not paying for this amount. This amount of €40 billion or whatever it is was formerly borrowed by the banks from bondholders - the bondholders have been repaid and now it is borrowed by the State from the----
No comments