Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael)
Link to this: Individually | In context | Oireachtas source

Take it forward, then, to 12 October 2008, which is the first ever meeting of the eurozone Heads of State. And Kevin Cardiff wrote in his long statement on page 77:

it was also evident that some governments had provided background briefings to journalists denigrating the Irish decision and its lack of community spirit. Worse than that, some of those briefings appeared to be deliberately seeking to question the validity and reliability of the guarantee.

Why, in your view, would other eurozone countries want to undermine the Irish guarantee and how real was that threat at that point in time?