Oireachtas Joint and Select Committees

Thursday, 14 December 2017

Public Accounts Committee

2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation

9:00 am

Mr. Scott Rankin:

The Deputy must remember the context in mid-2011. State bond yields were in double digits; there was a fear the State would default; very few people were stepping up to invest in anything in Ireland at that point.