Oireachtas Joint and Select Committees

Thursday, 25 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Professor Patrick Honohan:

Yes, when we were heading towards that announcement which was a very big announcement overshadowed by the Greek crisis.

Journalists came to me in the autumn and they said "What are you doing about your banks?" I said "Well, we recapitalised them". "Oh, I never noticed that, I was busy in Greece". So that very big recapitalisation, which was by far the biggest recapitalisation, it was noticed here, there were, you know, big television programmes about "black day for Ireland" and all that sort of stuff.

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