Oireachtas Joint and Select Committees

Thursday, 15 January 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Professor Patrick Honohan:

Not on the guarantee as far as I know. There were discussions. Obviously, the whole of Europe and the whole of the financial world was in a chaotic situation in those few weeks. It is important to remember that was the context. There were discussions with the ECB, explaining "we have difficulties too, we have banks running out of liquidity". This was the story communicated-----

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