Oireachtas Joint and Select Committees

Wednesday, 15 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

-----how is this a hypothetical situation? The IBF lobbied the Department of Finance for Depfa to be included in the guarantee - not hypothetical, looked for them to be included as a section in the guarantee. And you went then to the Department of the Taoiseach asking "We need your support in this." How was this hypothetical? Was this not a very concentrated effort on behalf of the IBF to have a German bank included in the guarantee and were you knowledgeable that the German Government and authorities had increased its exposure, its bailout, up to €50 billion just a week before for Hypo Real Estate because of the problems that Depfa Bank-----

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