Paul Murphy (Dublin South West, Socialist Party)
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I thank Professor Honohan for attending. I was going to talk about mortgages. Following on from Senator Byrne, I have a few questions. What does Professor Honohan think of the Trichet letter? Is it appropriate for the ECB to be sending letters such as those sent to Ireland and Italy demanding policy change, with a threat of loss of emergency liquidity assistance, or the buying of bonds?