Oireachtas Joint and Select Committees

Thursday, 18 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Okay. The question I am asking you, we know that the banks needed the funding and we knew that we had a shortfall, which is then ... and you use the analogy of being similar to the Greek dilemma. The question I am putting to you is that we ... funding was needed for both and was the requirement for one funding potentially jeopardised or would ... was the ECB alluding that if you didn't enter a bailout programme that you would not get the funding that was required at the day-to-day operational level?

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