Oireachtas Joint and Select Committees

Wednesday, 24 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Can I ask you, in your statement you say, on page 90, in relation to the Government's proposal to the troika, you say:

As we expected, the Troika were not dissatisfied with the Plan – in some ways it was more ambitious than they might have expected in regard to structural reform. Of course there remained differences arising from differences in the economic forecasts, but the basic thrust was generally acceptable to them.

Can you clarify that to ... for the committee that the memorandum of understanding that was drawn up between the troika and the Government, it was based mainly on Irish Government proposals?

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