Oireachtas Joint and Select Committees
Wednesday, 24 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source
Okay. Thank you. Moving forward then to the end of July 2010 and the dependency of the Irish banking system on emergency liquidity assistance is increasing. Anglo is approaching, I think, €15 billion, and the guarantee is due to expire in September and again, Governor Honohan has written how he made sure the ECB was fully aware of how this situation, the dependency on ELA was shaping up and the consequences for the sovereign. Did the Governor make the Department aware ... fully aware in July? Was the Department aware of this September bank funding cliff and the implications for the State in July?
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