Oireachtas Joint and Select Committees
Thursday, 25 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
March 2010. So, the two options seem very clear to me. That ... the first option was, ask the banks to get the capital that you think they may need to cover all eventualities, which would've resulted in a possible IMF programme and the second option was to go with a minimal approach but also having recourse to an IMF programme if need be. Was it ... so, IMF seemed to be very much under consideration here at that early stage, that the decision ... the capital requirements of the banks in either option could've required this State's requiring an IMF Programme, i.e., putting the State's solvency at risk as a result of the capital required by the banks.
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