Oireachtas Joint and Select Committees
Wednesday, 8 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
That's okay. It's there, yes. The top part of that table, it's just going through the chronology and I'm not asking any question of detail. My question is: in terms of the factors that led to the bailout in November 2010, is it the case that the extent to which it took so long and there were so many changes in the overall bill for recapitalising the banks, and the difficulty that there was in finding the bottom of that black hole, that that really sapped confidence among the markets towards Ireland ... that we couldn't get a handle on the extent of the problems in the banks, the picture kept on changing?
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