Oireachtas Joint and Select Committees

Wednesday, 15 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Susan O'KeeffeSusan O'Keeffe (Labour) | Oireachtas source

Thank you, Chair. Mr. McCarthy, on page ... sorry, page 4 of your own statement, you say, "The European Commission and the ECB favoured a front loading of adjustment within an overall adjustment of at least €15bn by 2014." Do you recall what rationale they provided for that kind of adjustment in such a short period of time? Do you also recall what the Irish view was and what the IMF view was?

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