Brian Lenihan Jnr (Dublin West, Fianna Fail)

I would need to sign off on any conclusion that might be reached and bring an appropriate proposal before the Government. It is important that Professor Honohan's role be understood. The Governor is independent in the performance of his functions, but he associates himself with the discussions or negotiations - I prefer the word "talks" - given his and his organisation's knowledge of the banking system. He is also in liaison with Frankfurt. Indeed, his interview this morning was from Frankfurt.

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