Oireachtas Joint and Select Committees
Wednesday, 24 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Eoghan Murphy (Dublin South East, Fine Gael)
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I think, Mr. Cardiff, Mr. Honohan's point was that this was going to be worse than we'd anticipated ... is the point that he was making, looking at the first tranche passing over. But just to follow on then from that, in May 2010, the IMF mission chief to Ireland phoned the Governor to discuss the possibility of Ireland applying for one of the IMF's new precautionary programmes, just in case. Was this suggestion put to you at the time?