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

Mr. Jean-Claude Trichet:

Prior to the guarantee ... so we are there after Lehman Brothers ... I have absolutely no memory of anything in particular at that time. Again, the problem was generalised; the problem was drama all over the world. And again, Ireland was touched dramatically as well. Only for you to know, I had to be in touch with many, many, many, many governments to explain that we had a global crisis and that the global crisis ... that we were doing all what we could but that we could do only liquidity assistance and not solvency assistance.

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