Oireachtas Joint and Select Committees

Thursday, 21 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Hurley:

If ... if you look at the overall level of, say, ECB support given to the banking system earlier in 2008, it was fairly static. It changed dramatically during the months of August and early September. And after Lehman's, I think it moved from ten to 15 to 40 in a very, very fast space of time. But it had been quite reasonably static up until then. That's my view. The ... the outflows after Lehman's were dramatic.

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