Oireachtas Joint and Select Committees
Wednesday, 17 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source
----- in March of that year. At that point, one bank, no one would lend to one bank in the Irish economy. In another bank, no Irish bank would lend to. The Governor and the Financial Regulator were approaching each of the banks and asking them to lend to each other. That was the green jersey agenda. €20 billion had been wiped off bank shares in Ireland since the beginning of the year and there was a feared run on one bank, which led to intervention. So why not move in then? Why not take the opportunity then to seek a resolution?
No comments