Sunday 11 December 2016

How Honohan's call made a bad situation worse

Published 01/05/2015 | 02:30

Patrick Honohan
Patrick Honohan

Thursday, November 18, 2010, was the day things spun completely out of control for that ill-starred Fianna Fail-Green Party government.

  • Go To

I was in Government Buildings rooting through the morning papers with RTE's 'Morning Ireland' playing low in the background. I was aware that Minister Eamon Ryan of the Green Party was due on the programme but I was astonished to hear Central Bank governor, Patrick Honohan, from Frankfurt, announced before him.

A quick inquiry to government press secretary Eoghan O Neachtain confirmed nobody had any prior notice. In fact, without any advance consultation with government, Prof Honohan, announced that the IMF were in Dublin to negotiate a rescue package which would also involve huge sums from the EU. I distinctly remember his rhetorical question about why else would the IMF be in Dublin.

Please sign in or register with for free access to Opinions.

Sign In

Read More

Don't Miss

Editor's Choice