Brendan Keenan: Yet again, Honohan proves that he isn't shy and retiring
Published 02/02/2012 | 05:00
EXQUISITE timing would be one description for interventions of Patrick Honohan, Governor of the Central Bank. Not in the sense of delightful, but the other meaning of keen and penetrating -- as in "exquisite pain."
That may well be how government ministers felt, reading Mr Honohan's remarks on the early retirement scheme in the public finances -- on the day when the deadline for applications expired.
They will have recalled the governor's RTE interview 13 months ago when he confirmed that a bailout was under way, while Fianna Fail ministers were still denying such a possibility. The two occasions could not be more different. Monday's comments were at the launch of an English translation of a book of Irish religious folktales and legends -- hardly 'Morning Ireland'. But the subject matter may have had a certain significance. Many officials in Dublin, Brussels and Frankfurt, along with members of the troika, think that Irish attitudes to the bailout are often the stuff of folktales and legends.