Oireachtas Joint and Select Committees
Wednesday, 9 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Professor Alan Ahearne:
-----it wasn’t inevitable in the sense that was there ... there was nobody in the world who could do anything about it. The European authorities could have done something about it but they had set up - as Brian Lenihan explained at the time - they had set up a fund, and their answer was, “Look, we’ve set up this fund to provide financial assistance. You need financial assistance. Go to this fund.”
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