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

And in regard to Mr. Trichet's letter that Deputy McGrath referred to, prior to that - or in or around the same period as Minister Lenihan's letter of 21 November 2010 - when that letter was written, were Irish banks that were covered by the guarantee still solvent and, therefore, qualifying for ELA funding at the time of that letter, in your opinion?

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