Oireachtas Joint and Select Committees

Thursday, 28 May 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of the Banking Sector: Central Bank of Ireland

2:00 pm

Photo of Paul MurphyPaul Murphy (Dublin South West, Socialist Party) | Oireachtas source

There have been implicit threats from the ECB to the Greek Government since the election.

With regard to the standard variable rate, there was quite an acknowledgement in Professor Honohan's presentation that, in layman's terms, there is a rip-off of consumers going on to make up for other difficulties the banks have. Is this a fair summation in layman's terms?

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