Oireachtas Joint and Select Committees

Thursday, 25 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Professor Patrick Honohan:

Absolutely. And not only to stop the run, because it could finance the run through ELA but to create the sense "It's okay, things are under control, we're going to get this back. Because the IMF are here and they've got lots of money."

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