Oireachtas Joint and Select Committees

Thursday, 26 February 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of John Paul PhelanJohn Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

On page 22 of Follow the Money, Mr. McWilliams said that because the Irish banks' funding had become unstable, if their funding as well as their deposits were not guaranteed, they would come crashing down and that they would have to come up with the money immediately for people's deposits. When he spoke to the Minister about this, did he include subordinated debt in the guarantee, as well as-----

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