Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

Okay. And in that regard, with the IMF's long experience in dealing with programmes and the relative, if little or no, experience that the European Union had as ... in the wider entity, there is a position articulated that the IMF were of the view through their long experience that the position being articulated by the European Central Bank and maybe the European Commission was too severe in its austerity approach. Would that be accurate?