Marc MacSharry (Fianna Fail)
Link to this: Individually | In context | Oireachtas source

Professor Ahearne said earlier that there was an informal agreement, to quote his own words, at European level that we were not going to have a Lehman's in Europe. As an economist, can he give his view of the scale of the fiscal adjustment here if we had allowed banks to fail or if we did not pay bondholders? Would there have been an adjustment in the fiscal adjustment we had to undertake and what would that be?