Oireachtas Joint and Select Committees
Thursday, 9 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael D'Arcy (Fine Gael) | Oireachtas source
Can I ask you, Mr. Somers, about the deposit guarantee scheme? The increase from €20,000 to €100,000 brought a contingent liability on the State of up to €70 billion. That was a fivefold increase; that was a lot. The UK guaranteed amount was £35,000 sterling. Was ... you seem to be intimating, and I don't mean to lead you, but you seem to be intimating that there should have been smaller steps perhaps more often, than-----
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