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

The basis really is that I asked you a question at the time about the liquidity situation at the banks. I said that the liquidity situation in the banks had actually fallen in terms of their access to ECB funding. You said:

Our understanding of the liquidity situation in terms of the Irish financial institutions is that there has not been a reduction in the overall level of lending being given by the ECB to the Irish financial institutions, whether it is in the broad financial institutions encompassing the IFSC or the domestic institutions. In both cases the level of funding, if anything, is marginally up.

Finally, then, Mr. Hurley-----