Oireachtas Joint and Select Committees

Thursday, 30 April 2015

Committee of Inquiry into the Banking Crisis

Institute of International and European Affairs
Governance of the ECB: Past, Present and Future

Photo of Susan O'KeeffeSusan O'Keeffe (Labour) | Oireachtas source

And finally, you say in your own statement on page 7 today, "The wave of debt maturing in September 2010 issued under the guarantee – confirmed Ireland’s loss of access to sovereign markets. Combined with other factors [...] the Irish government was confronted with no alternative but to ask for official support." Are you suggesting there, Monsieur Trichet, that the guarantee, effectively, the guarantee caused the bailout to happen?

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