Oireachtas Joint and Select Committees

Wednesday, 18 February 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Mr. Marco Buti:

While I do not want to comment in detail on this issue, the guarantee was a blanket one and this was understandable in terms of the pressure the Government was under at the time - pressure from the events - and clearly it was a situation which was very dangerous. At the same time this provided a coverage that was simply too broad.