Patrick Honohan

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 Central Bank governor Philip Lane emerged last week as the unopposed candidate to succeed outgoing ECB chief economist Peter Praet on the six-member board in Frankfurt. Photograph: Clodagh Kilcoyne/Reuters

Minister for Finance Paschal Donohoe has committed to carrying out a “comprehensive” search for the successor to Central Bank governor Philip Lane, wh(...)

“The euro system’s second decade was one of unforeseen turbulence, but it confounded its more strident critics by surviving the anxious years 2011-2012 (and 2015) without losing any member.” Photograph: Michael Sohn/AP Photo

Any assessment of Europe’s monetary union as it completes its second decade should refer to the regimes that preceded it. For economists, the primary(...)

The euro is now the currency of 340 million people in 19 countries and internationally meets the key criteria of wide acceptability as a means of exchange and as a store of value. Photograph: iStock

Sometimes European politics has found a way to take a step forward. At a summit of European Union leaders in the Dutch town of Maastricht in December (...)

Patrick Honohan: The then Central Bank governor told Department of Finance officials in 2015 there was a “moral case”  to find a way to prevent Anglo junior bondholders recovering anything.

The Attorney General’s Office warned the Government it could not prevent a likely repayment of almost €270 million owed to a group of junior bondholde(...)

The IBRC offices in 2013 at Connaught House on Burlington Road.

A group of Anglo Irish Bank junior bondholders, who rebuffed attempts to make them share the failed lender’s losses, are now set to recover all of the(...)

Philip Lane: three years into the job as Central Bank governor this month, he may soon become the shortest-ever holder of the position. Photograph: Tom Honan

It was the year Ronald Reagan was sworn in for a second term as US president, Bruce Springsteen’s album Born in the USA topped the charts, and more th(...)

Following the financial collapse and years of reckless risk-taking by senior banking executives, the public’s appetite for retribution remains. Photograph: Bryan O’Brien

Following decades of light-touch State regulation, the Law Reform Commission has adopted a degree of caution towards the prosecution of white-collar, (...)

“There will be another crisis, that’s for sure. And it may not be in banking,” says the former governor of the Central Bank Patrick Honohan

In the wake of the banking crisis the former governor of the Central Bank Patrick Honohan had the “common sense view” that some of the reckless behavi(...)

Patrick Honohan, former governor Central Bank, report echoes his saying: ‘There will be another crisis, that’s for sure, and it may not be in banking.’ Photograph: Dave Meehan

The famous phrase about generals making preparations for fighting the previous war comes to mind when you survey the weighty tome published on Tuesday(...)

Former Central Bank governor  Patrick Honohan: had “common sense view” some of the reckless behaviour of bankers had to be a criminal offence under the common law system. Photograph: Aidan Crawley

The criminal convictions that followed from the banking crisis were not directly related to the reckless behaviour that led to the banks needing State(...)

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