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.