Oireachtas Joint and Select Committees

Thursday, 25 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael D'ArcyMichael D'Arcy (Fine Gael) | Oireachtas source

-----yes:

Something remarkable happened. Ireland's Central Bank Governor, Patrick Honohan, also a member of the ECB governing council, rang up Ireland's main morning radio show and invited himself on air from Frankfurt. He revealed the likelihood of a bailout worth tens of billions of euro, and that teams from the ECB, IMF and EU were already in Dublin. In fact, Honohan was to chair a meeting with the officials within the hour. Honohan had consulted neither of the two Brians. It felt like a monetary coup d'état.

Was it a monetary coup d'étatby the ECB?

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