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

Can I start by taking you back to November 2010? And you’ll be well aware of the letter from Jean Claude Trichet, the President of the ECB, to the late Brian Lenihan 19 November 2010, which made the continuation of emergency liquidity assistance for our banks contingent on the Government applying for a formal bailout programme. So was the European Commission aware at that time of the stance of the European Central Bank and was it a stance that was supported by the Commission?

Comments

No comments

Log in or join to post a public comment.