Oireachtas Joint and Select Committees

Wednesday, 21 January 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Mr. Klaus Regling:

No, because, to answer your question, it was incomplete, but we see that some euro area countries managed, within the incomplete system, better than others. That is why the home-grown issue also plays a role. It was the same system for all the euro area countries. When it started there were 11, and there are now 19. Some had serious problems, and one country had more serious problems than Ireland.