Oireachtas Joint and Select Committees

Wednesday, 21 January 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Professor Philip Lane:

I would have to return to that particular piece of paper, which I have not looked at recently, to recall that. It was fairly simple at the time. The logic was that this was essentially an IMF-plus bailout, so we would use the IMF funding rules, which were set to charge us a pretty stiff premium.