Oireachtas Joint and Select Committees
Wednesday, 15 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Pat Farrell:
Well, my belief is we were ... they had a difficulty and we were making the ... we were making the people who were communicating aware of it and I think, you've hit on a good point in terms of political support because what happened in the German situation was that there was a statement of political support which was simply that: political support.
It didn't carry any consequences and it didn't imply a legal guarantee. And that's what had happened in Germany.