Oireachtas Joint and Select Committees
Wednesday, 9 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Professor Alan Ahearne:
Again, it's somewhat speculative but, I think, if they had introduced OMT earlier, that would have calmed sovereign bond markets and Irish spreads would have fallen ... Irish yields would have fallen in the same way that German and in the same way that the Spanish and Italians' did in 2012.
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