Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

If a decision had been taken ... I notice there was a meeting of the ECB the following day, on 1 October - in your statement, page 6 - if €10 billion was being provided by the banks effectively to fund a liquidity position of Anglo, if the decision had been taken to basically cover that liquidity position, and Governor Honohan had brought up the issue in the ECB meeting the following day, was there any legal impediment to the ECB assisting Ireland in a solution to deal with Anglo and the banking crisis?

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