Oireachtas Joint and Select Committees

Wednesday, 6 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Okay. Just to clarify, Mr. Goggin's rationale when he was asked about this was:

The reason that we suggested that junior dated should be included was that we were concerned about the crossover between junior dated [...] and senior bondholders, senior creditors. We were also concerned that that very same population, it was a crossover to the sovereign.

That was his logic.

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