Oireachtas Joint and Select Committees

Thursday, 21 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Okay. You indicated earlier on that there was considerable contact between yourself and the ECB in the days leading up to the end of September 2008. So, for example, during that teleconference call was it accepted that a significant intervention was going to be needed in the case of the Irish banks on an imminent basis?

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