Oireachtas Joint and Select Committees
Wednesday, 18 February 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source
I thank Dr. Donovan for his presence here today. In an article in The Guardian in 2011, Dr. Donovan said the IMF was open to rescheduling of debt, whereas the EU was muddling through as it had not been involved in such bailouts before. In respect of the first part of that sentence, the rescheduling of debt, was it previously IMF policy, when engaging in a rescue, to reschedule, restructure or burn bondholders?
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