Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

If the decision had been taken on the night of the guarantee for the Irish Central Bank, through the Irish Governor, to provide emergency liquidity - which it could have done - for a week, and then engage with the ECB and European partners, would the outcome for the Irish public and the Irish taxpayer have been better?

Second, regarding the type of guarantee that was put in place, a blanket guarantee, it was a two-year blanket guarantee. It guaranteed all bar the kitchen sink. Was it a contributory factor to the fact that two years later, by September 2010, the Irish banks were not able to refinance the deposits that had been guaranteed? Was it a major factor in Ireland going into a bailout?