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 Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

One final question, Mr. Trichet. If on the night of the guarantee, the Irish Government and the Irish authorities had contacted the ECB and looked for approval to provide ELA funding, emergency liquidity assistance to Anglo Irish and Irish Nationwide Building Society for a period of a week, would ... what view would the ECB have taken in terms of nationalising those banks or an orderly wind-down of those banks, which have cost the taxpayer over €34 billion, certainly in respect of Anglo?

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