Oireachtas Joint and Select Committees
Thursday, 25 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
Thank you. And just coming back, Deputy Doherty had raised it following the earlier question. I am just still trying to get a shape on this. Deputy McGrath in his line of questioning, kind of, took you through a, kind of, date-by-date calendar of events that took place in November of 2010. We know from earlier engagement with Mr. Cardiff yesterday that discussions with regard for the need of some, sort of, structured programme or bailout programme or programme for assistance was in the ether maybe as early as March 2010. We even know that shortly after the bailout was put in ... or the guarantee was put in place there was correspondences between Mr. Beausang and Mr. McDonagh in the NTMA with regard to the two-year funding cliff and all the rest of it. But in that period from September to November 2010, could you give us an indication as to ... and give us clarity as to how if, or how so any discussion took place at an ECB level in regards to concerns about Ireland's sovereignty? Was this being discussed at the board table or was it being discussed at a kind of an ante-room or having a cup of coffee afterwards or was this a live issue in Frankfurt and with our European partners?
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