Oireachtas Joint and Select Committees
Thursday, 21 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
So, the impression that Mr. Trichet gave when we had the exchange with him was that the guarantee came as a big surprise to the ECB. But what you appear to be confirming is that the ECB was aware, right up to 29 September, that a bank guarantee was an option under consideration in terms of rescuing the Irish banks.
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