Oireachtas Joint and Select Committees
Wednesday, 15 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Marc MacSharry (Fianna Fail) | Oireachtas source
Okay. In Mr. Trichet's letter of 19 November 2010, he said and I quote, "If you don't do this, your banks will lose access to ECB and even national central bank support with disastrous consequences for your country." Do you have any insights, perhaps, from the Department of Foreign Affairs' colleagues or bank contacts on why this letter was sent, given that it would appear from evidence, the bailout process had at least formally commenced in the months leading up to November 2010?
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