Oireachtas Joint and Select Committees

Wednesday, 29 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Eugene Sheehy:

The outline of the guarantee, and I don't recall whether it was a written one or not, would be: stabilise the situation immediately. The 20 ... that day globally was unbelievable and it was clear that worse things were to come internationally. So stabilise the situation. However-----