Oireachtas Joint and Select Committees
Wednesday, 24 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Kevin Cardiff:
No, no one said explicitly, that I recall, that emergency support would be withdrawn, but remember we had been negotiating for months with them for ... to get some sort of really positive statement that would say the ECB is behind us. Remember, a year or so later, when Draghi made his statement about the euro, the impact of the statement alone, when said by somebody credible with a real intent behind it ... and that's what we wanted for Ireland. We wanted that kind of positive statement with intent behind it. So, that was the prize, if you like.
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