Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

That's correct. I was never threatened that they'd withdraw ELA or assistance to the Irish sovereign but, and you'd well know from your experience here, in saying that Ireland would be treated as a country in default and a bank would be treated as a bank in default, the implications of that to me were clear. ELA could be suspended. ELA was always temporary. Frankfurt always made decisions every so often to continue ELA. We could never get them, and we tried to get them, to say ELA would be paid on a permanent basis.