Kieran O'Donnell (Limerick City, Fine Gael)
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Let me put it another way, Professor Honohan said allowing Anglo Irish Bank to fail should have been considered in the context of discussions with Europe and it would have effectively been delayed for a week, in terms of ELF funding being provided to Anglo Irish Bank. My question is whether Dr. Donovan believes on the night of the guarantee it would have been reasonable that the authorities should have been aware that Anglo Irish Bank was insolvent at that time.