Oireachtas Joint and Select Committees

Thursday, 18 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Sean BarrettSean Barrett (Independent) | Oireachtas source

Thank you on that, and just to reassure you that an awful lot of new Members of the Dáil and Seanad were also elected to come up here at the same time to do the kind of reforms that you've been talking about. So it may be less pessimistic than ... than you illustrated there. Could I ask you about the joint programme for Ireland, the recapitalisation of €10 billion, banking support, €25 billion, and financing of the State, €50 billion, the €85 billion and the €17.5 billion come from the pension reserve funds. Could you fill us in on how those discussions took place with the EU and the IMF and yourselves?

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