Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of John Paul PhelanJohn Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

Okay. In evidence to the inquiry, Professor Honohan, Governor of the Central Bank, spoke about the merger of EBS and AIB and the merger of Anglo and INBS and he said it "seemed a largely pointless cosmetic exercise". That's from page 7 of his statement that he gave to the inquiry. He also said that the exercise was "pressed on the Irish authorities by the Troika". You would have been involved, obviously, at the time in advising the Department. Were you aware of those pressures that Professor Honohan ... external pressures that he alleges to have been coming from outside?

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