Joe Higgins (Dublin West, Socialist Party) | Oireachtas source

Professor Honohan said in his evidence today that there has been a tendency to overstate the extent of the impact of that night's decisions and that it would be hard to deny that 80% to 90% of the overall hardship that followed the bursting of the bubble was already inescapably embedded in the situation. Would he understand if many people listening to that evidence today, who suffered the hardship he referred to, would be shocked by that evidence? What is his basis for saying that?