Kieran O'Donnell (Limerick City, Fine Gael)
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Professor Connor said the Irish crisis was different, that it was purely a credit crisis and that Ireland did not experience a liquidity crisis. Surely the fact that the Irish banks were being forced to go to the ECB for funding was an indication. Was the fact that emergency liquidity assistance, ELA, funding was not provided to Anglo Irish Bank and Irish Nationwide on the night of the bank guarantee an indication that the Irish Central Bank and the ECB were queasy that there was a solvency rather than a liquidity issue?