Oireachtas Joint and Select Committees

Wednesday, 1 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

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

Can I stay with that for a moment, if you don't mind, Ms Nolan, and put the question to you because from our understanding you would have been very much involved with the kind of day-to-day financial situation as we move from the guarantee towards the bailout, and you would have very intimate knowledge as to what was happening in Government and Finance at that time. So could I put the question to you, and it follows up with what Deputy McGrath was saying, is that the structure, or design of the bank guarantee along with its period of duration, have any bearing on the Irish State entering a bailout programme two years and two months after the guarantee?

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