Oireachtas Joint and Select Committees

Wednesday, 15 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Marc MacSharryMarc MacSharry (Fianna Fail) | Oireachtas source

Okay. Just on the burning of bondholders, can you outline for us what was the difference in response from Europe, from, I presume it'd be, Trichet and the G20, or G8 or whatever it was ... that were influencing the fact that this wasn't going to be accepted? What changed between November and March, if anything, to the position of the EU and the troika and powers that be? Harden, weaken, was it the same?

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