Professor Patrick Honohan:

They said "We won't give a favourable statement unless you take out the reference to the burning of the bondholders." But the thing I couldn't understand ... I was in favour of finding ways of burning those Anglo bondholders but you either do it or you don't do it. You don't say "Oh, we might do it." So I ... it was ... I think ... I think it was a very peculiar action.