Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Paul Gallagher:

It was but, I mean, the ... I'm sorry, I assume it was but, as I said already, rather than being shortened, it was actually continued and continued post-2010 through the eligible liquidity guarantee scheme, so I assume the decision was taken that even with all of the support of the banks and even with the situation of all the money in the banks, it was still required.

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