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:

Certainly not. I think that had this decision taken, the cost for Ireland would have been considerably higher because it would have destroyed the creditworthiness of Ireland. By the way, at the time, do you know another country which embarked on such a move? It is a question I ask.

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