Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael D'ArcyMichael D'Arcy (Fine Gael) | Oireachtas source

I suppose, what I ... what I'm touching upon, Mr. Cowen, is the rate. While the IMF rate was fixed, the Commission and the ECB moneys were not fixed. I understand the logic behind it not being too cheap where people would try and access it but the term was short and other conditions were difficult.

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