Oireachtas Joint and Select Committees
Wednesday, 16 January 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Matters Relating to the Economy: Discussion with Governor of Central Bank
3:00 pm
Kevin Humphreys (Dublin South East, Labour)
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That is not the issue. People say that we should not pay but that we should push the payment further down the line and the consequences are not explained. What happened in other countries when the risk control framework was revised is that we saw regime changes, which was not democratic. Professor Honohan said the consequences would be dire but he did not say what the possible consequences would be.