Exchange. Were watching ecb president mario draghi here on Worldwide Exchange. Lets listen back in. The final figure was actually lower. And this certainly contributed to restoring confidence in the markets. At that point, when the confidence was just returning, the ecb was of the view that he would have been highly disru disruptive to have 4 billion after it had already before. It would have been highly disruptive. In other words, the cost would not offset the benefits. This was the view. And later on in 2011, this view was confirmed and the foreseeable was about 2 billion. Also because they wanted to exempt to irish banks. So it was small to begin with. With the potential high cost in terms of confidence in the irish program. You also one also should remember that it was restoring Market Access, which, by the way, is the key to programs, really. So the main okay apologetic tif at that time was to achieve Market Access and this was thanks to the compliance with the program. Thanks to
Transcripts For WKMG CBS This Morning 20160118
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