Oireachtas Joint and Select Committees

Wednesday, 29 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Okay, we might come back. Just, finally, I want to deal with two other matters. And if the whole story was a movie, the two big scenes in it would be the night of the guarantee and the entry into the bailout programme, but life isn't like that. It doesn't have big moments, it's a series of events that maybe have significant events actually through it. So can I maybe ... this is a question I put to other Government Ministers as well and ... I'd appreciate it if you could maybe just deal with the question rather than a more, longer, response. But, in general terms, did the structure or design of the banking guarantee, of the bank guarantee, along with its period of duration, have any bearing on the Irish State entering a bailout two years and two months after the bank guarantee?

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