Oireachtas Joint and Select Committees
Thursday, 15 January 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Professor Patrick Honohan:
I think the answer is, first, the bank itself, DEPFA, was looking for the funds and, then, the persons in the German system, who are both public and private people, were concerned with the rescue of DEPFA. They were anxious that the Central Bank should provide the assistance in the form of ELA.