Oireachtas Joint and Select Committees
Thursday, 26 February 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Professor Terrence McDonough:
To some extent there I am getting caught up in my metaphors. The metaphor is appropriate in that the bank guarantee was intended to be a signal to the private financial markets that they could safely continue to invest in, lend to and capitalise the Irish banking system. In that sense, basically, it was a call for private financial help.
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