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
2:30 pm
Seán Fleming (Laois-Offaly, Fianna Fail)
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This is what I was driving at for the past three minutes. Will Professor Honohan explain in English the meaning of the phrase, to uncreate €3 billion? Will Professor Honohan explain what happens to this €3 billion which will be uncreated on 31 March? Does that mean burning it, shredding it or electronically wiping it out?