Oireachtas Joint and Select Committees
Wednesday, 11 March 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
Sure. On page 133 of the Governor's 2010 report he states: "Still, given the perceived lack of a solvency problem at Anglo (or the other banks) on balance a guarantee seems to have been the best approach, not least because no other clear and effective medium-term solution appeared available." He went on to refer to ELA and that it also could have allowed the nationalisation of Anglo.
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