Oireachtas Joint and Select Committees

Wednesday, 11 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Michael D'ArcyMichael D'Arcy (Fine Gael) | Oireachtas source

Professor Honohan states: "... Government were effectively precluded from liquidating or extensively restructuring the guaranteed institutions because they would have to repay the guaranteed debt forthwith". Is that the ISDA, where it would call an event?

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