Oireachtas Joint and Select Committees
Thursday, 10 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
Thank you, Chair. Good morning, Mr. Chopra, and thank you for your attendance and co-operation. In relation to the design of the bailout programme itself, Ireland contributed €17.5 billion from the National Pensions Reserve Fund, and you addressed that issue in your witness statement. Can you comment on discussions between the troika members on this contribution? And was it a precondition of the programme that Ireland would contribute such an amount from the pension fund?
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