Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

Yes, but the bond yields ... now let's remember, the bond yields came back into a far better situation when you got ... by the time you got to April ... March or April 2010. So, you know, there was a reaction to this, and then there was an easing off, and then when you get to April 2010, the bond yields are fine. We're well within our parameters to be continuing to go to the markets and obtain our money to fund our deficits. The problem happens in the Greek situation in May and June. That sends a big problem into the system again. In the same way that in 2011-----

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