Oireachtas Joint and Select Committees

Thursday, 10 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Sure, okay, that’s fine. Going back to the autumn of 2010, September, October 2010, if the European Commission had made a strong public statement of support for the fiscal programme under way in Ireland, if the ECB had made a statement of support and a commitment to provide ongoing liquidity, could a formal bailout programme have been avoided or was it absolutely inevitable at that point?

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