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

So, given what you're saying there about the banking guarantee and the cliff that was relating to it, the structural deficit that was in place, the funding cliff that was arising out of the banking guarantee and the sovereign relationship to the banks because it was a written guarantee, as opposed to a political guarantee, could I now ask you were Irish banks that were covered by the guarantee still solvent and, therefore, qualifying for ECB ELA funding at the time of Minister Lenihan's last letter to Mr. Trichet? That was the letter of 21 November 2010.