Oireachtas Joint and Select Committees

Wednesday, 24 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael)
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Let's move on then. Before the bailout, before we actually entered into the bailout, close to €19 billion of unsecured bonds came out of guarantee in September 2010. €4 billion to €5 billion were bonds to Anglo and INBS and between September then and the actual beginning of the bailout programme, €2.4 billion of unguaranteed, unsecured bonds were repaid. Did the Department have any plans for burden-sharing, even on a contingency basis prior to entering the negotiations with the troika?