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Dublin: 13 °C Sunday 19 May, 2013

Finance committee demands Honohan meeting as “urgent priority”

The Oireachtas finance committee formally writes to Patrick Honohan asking for a meeting before the promissory note payment.

Patrick Honohan had reportedly told TDs that while he would attending a meeting, he was not available to attend before the first promissory note repayment was due.
Patrick Honohan had reportedly told TDs that while he would attending a meeting, he was not available to attend before the first promissory note repayment was due.
Image: Mark Stedman/Photocall Ireland

THE ALL-PARTY Oireachtas committee on Finance, Public Expenditure and Reform has formally written to Central Bank governor Patrick Honohan asking for a meeting as an “urgent priority”.

The request follows yesterday’s unusual events at the committee, where the government lost a vote on inviting Honohan to a hearing to discuss the Anglo Irish Bank promissory notes, which are due for their first repayment at the end of the month.

In a formal letter signed by committee chairman Alex White of Labour, and seen by TheJournal.ie, the TDs ask for “an opportunity for the members of the Committee to engage with you on the ELA [Emergency Liquidity Assistance]/Promissory Note issue”.

White adds:

Please be advised that the members are anxious, as an urgent priority, to continue examination of these vital issues, and regard it as an essential element of this discussion that we would have the benefit of your input before the Committee.

The letter concludes with a request that Honohan attend a meeting to be held before March 23 – essentially demanding a meeting next week when the Houses of the Oireachtas will be otherwise on their St Patrick’s Day recess.

This morning government backbencher Liam Twomey said that while Honohan was seemingly willing to attend a committee hearing on the subject, he was not available to attend for the rest of March.

A Central Bank spokesman declined to comment this morning on whether Honohan would make himself available for a meeting.

The opposition members of the committee won the vote 11-9 when two Fine Gael members, Twomey and Kieran O’Donnell, left the room to fetch their party colleagues attending a meeting elsewhere – only then to be locked out of the room when the vote began without them.

Read: Government lost committee vote ‘because TDs were locked out of the room’ >

More: Government tastes defeat in committee vote over Anglo promissory note >

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Comments (17 Comments)

  • Maybe they should just call him if it’s that urgent?

    Reply
  • tuba hg 15/03/12 #

    Who pays him the ECB or the Irish Government I have to think sometimes where Mr Holohan is concerned

    Reply
    • Well as he was one of the ECB members who voted to raise rates, at a time almost every clued in commentator said they should be reduced for Ireland and Europe’s sake, I think it’s pretty clear that whoever pays him he doesn’t have Ireland’s interests at heart.

      Reply
  • Yeah, he’s happy to attend, but can’t before the €3.1bn is paid. Not like it’s urgent or anything. Tell him he’ll personally be responsible for paying the March amount and he might get up off his arse.

    Reply
  • “This morning government backbencher Liam Twomey said that while Honohan was seemingly willing to attend a committee hearing on the subject, he was not available to attend for the rest of March.”

    Is Twomey double jobbing as Honohan’s secretary or something as he seems to have access to Honohan’s diary for the month or is he telling the governor not to turn up?

    Reply
  • What was that solution the French used during their revolution to deal with greedy bankers? Guillosomethingorother.

    Reply
  • Can he not be arrested & forced to attend next week?

    Reply
  • Not a mention of struggling home owners in ”Life Sentence Dead End Mortgages”

    Look after the Bondholders Patrick.

    Reply
  • Strange the way that the FG TDs weren’t at the vote to have the Governor appear at the commission before the next 3.1billion payout in promissory notes
    http://www.youtube.com/watch?v=k_bvg4F65F4

    A gov with a huge majority cannot get this vote passed – what a coincidence that is – they are so bloody devious………..

    Reply
  • The one man who did more damage to FF by telling the truth on Morning Ireland. No wonder FF/SF want him dragged over the coals – the Empire Strikes Back as Pat Rabbitte said in relation to something else.

    Reply
  • Patrick Honohan was 100% correct in what he said yesterday…100% correct…I know so many chancers who bought loads of apartments they could not afford in the first while buying big cars and putting in extensions and new kitchens on “their” homes…..these lads i know and have heard talk about it say they are not paying back any money purposely cause they think they can get away with and right it off and keep there house….they are just jumping on the media band wagon while still living it up on holidays etc etc….this country needs a reality check and repsossing houses and cars and making people work again for a house is the way to start. The goverment need to tell the media and the public that debt forgiveness will NEVER happen and to take responsibility for signed contracts YOU SIGNED.

    Reply
  • I was pro EU and Euro but now this week I want Ireland to burn everyone ie banks and print our own currency. I never thought I would say it but I will vote no and that’s a protest vote!

    Reply
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