Oireachtas Joint and Select Committees

Wednesday, 24 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

I think, Mr. Cardiff, Mr. Honohan's point was that this was going to be worse than we'd anticipated ... is the point that he was making, looking at the first tranche passing over. But just to follow on then from that, in May 2010, the IMF mission chief to Ireland phoned the Governor to discuss the possibility of Ireland applying for one of the IMF's new precautionary programmes, just in case. Was this suggestion put to you at the time?

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