Oireachtas Joint and Select Committees
Thursday, 9 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
Ms Herbert, and finally, can I ask you ... and Deputy McGrath talked on this here in relation to the black hole in the banks and the loss of public confidence in relation to the Government announcing announcement after announcement that additional money had to be pumped into the bank, and the loss of international confidence as a result of that. Was it not the troika that insisted that the Government set aside €35 billion to deal with that hole that the Government were unwilling to face up to up until that time? That was the actual essence of the troika programme, as Brian Lenihan said, that the structural character, the problems we're having is a banking ... is in the banking system, not budgetary.
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