Oireachtas Joint and Select Committees

Wednesday, 15 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Corrigan:

I mean, despite what ... despite what has been said about us being bounced into the bailout, and I actually ... I have no information on ... on that, but I noted it was given here in evidence. I think that we were probably heading for a bailout anyway. I mean, we had a massive property bubble which collapsed, and the consequences of those had to be faced and we'd no access to the capital markets post-September 2010, and the only show in town was the IMF-EU programme.

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