Kieran O'Donnell (Limerick City, Fine Gael)
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The point I am making is that one of Professor Lane's areas of expertise is in European monetary union policy. Is it a fact that the ECB was sending funding directly to the banks? It was not extending funding to the Irish Government, but to the banks. Was there not a duty of care on the ECB? As Professor Lane is probably well aware, ELA funding cannot be extended if the banks are insolvent.