Oireachtas Joint and Select Committees

Wednesday, 18 February 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

The IMF does not do guarantees; it does bailouts. Dr. Donovan has 35 years' of experience of IMF interventions, etc. In his view, did the way in which the guarantee was designed have anything to do with Ireland being obliged to enter a bailout programme some two years and two months after its introduction?

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