Oireachtas Joint and Select Committees
Wednesday, 22 March 2023
Committee on Budgetary Oversight
Stability Programme Update: Discussion
Patricia Ryan (Kildare South, Sinn Fein)
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I thank Dr. Kelly. I noted that the European Parliament's Committee on Economic and Monetary Affairs yesterday discussed the failure of Silicon Valley Bank and its implications for Europe. Will the witnesses give a brief outline of how this banking failure differs from 2008, and will we see banks fail on this side of the water? We have already seen the collapse of Credit Suisse.