Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

What is Professor Black's view on what happened two years later when the guarantee ended? Approximately €20 billion in senior bonds, which were unsecured, came out of guarantee and there were efforts to impose losses on them but those efforts did not work. We will explore that issue and the role of the ECB will come into question. Should losses have been imposed at that stage when the guarantee ended?