Oireachtas Joint and Select Committees

Wednesday, 18 February 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Marc MacSharryMarc MacSharry (Fianna Fail) | Oireachtas source

Okay, that is fine. We have had testimony this very day, from Mr. Marco Buti of the European Commission, who, when questioned by me, said very explicitly that there was no rule, written or unwritten, no air nor no environment in which it was understood that no bank should be allowed to fail. Dr. Donovan has just said explicitly and clearly that there was an agreement between Ireland, Europe, and the IMF that no bank should fail. What is his source for that information?

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