Mr. Ed Sibley:

The Irish banking system had acute liquidity challenges at the time. It posted collateral, and needed to do some engineering in order to do so, with the ECB. That resulted in eurosystem funding being provided to the banks in order for them to maintain liquidity and be able to honour deposits, for example. They would pay interest on those loans in the same way as interest would be paid on any loan. They were borrowing from the eurosystem and paying interest on those loans, but I would differentiate that entirely from the private transactions under discussion.