Oireachtas Joint and Select Committees

Thursday, 25 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Professor Patrick Honohan:

Yes, but it was easier then for ... than it is now for two reasons: first of all, it was a very weak economy, so, particularly for youngsters and that, not many jobs, so ... and also, for the more senior people, there was the ... I think, the excitement and challenge of a turnaround situation that they come in. Now, it's ... people say, "Okay, Ireland is done, I've more interesting work in London" or whatever.

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