Sean Barrett (Independent) | Oireachtas source

When we look at Vol. 3 in the core papers, around pages 17 and 20, there's quite a lot of the same kind of factor that you refer to there, Mr. McCarthy, in relation to taking chunks out of IMF reports in Ireland. And particular, on page 17, their discussion of a deposit insurance scheme and, you know, a warning on page 12 that it would be:

[I]mportant to be prepared for the worst. In this context, pay-outs from the bank deposit insurance scheme should be available more rapidly and the scheme better funded to reduce liquidity concerns in case a bank comes under pressure. Enacting an insolvency process specifically adopted to banks [would] should also be considered.

I mean, given what happened, wasn't it unfortunate that we ... that Ireland asked the IMF to take those chunks out? For instance, "the housing boom is over" was replaced by "the housing market cycle has turned", that, if we're going to rely on the IMF and the ESRI to say they supported what we were doing in policy, we shouldn't be engaging in, kind of, altering those documents before the public gets to see them.