Oireachtas Joint and Select Committees
Thursday, 10 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Susan O'Keeffe (Labour) | Oireachtas source
When you talked about Mr. Mody's first phone call in February '09, and you say in your statement that there was further consultation or conversation, perhaps, later in 2009 and again in 2010. And, indeed, Professor Honohan told us here about a phone call he'd received when he was in Heathrow Airport from Mr. Mody asking him whether or not, and he said, "Well, yes, maybe you should try it." And Mr. Mody, I think, did - we are not clear entirely whether he phoned the Department of Finance or not. But the point I am making is not that you would necessarily know but was that something that was agreed by the IMF as an approach to take to Ireland and why was the IMF, if you like, so keen? You kept coming back and back.
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