Oireachtas Joint and Select Committees
Thursday, 9 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source
Thanks, Chairman. Just something to clarify for myself though then. I mean, you had a problem raising the €20 billion. There was a problem already on the sovereign borrowing rate. You didn't think that a guarantee was credible for all the banks. So surely, then, in taking on the guarantee, you were putting the sovereign lending position at risk and then the consequences could be-----
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