Oireachtas Joint and Select Committees
Thursday, 14 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
John Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source
Okay. I want to turn to page 5 of the same document now; I'll give it a moment for it to come up on the screen. It's paragraph one, two, three, four, five, the bottom of it, where there is a direct quotation, page 5 of C3b. I'll put the quotation to you anyway. It said that "No indication of Anglo's specific needs was given [this is a court minute again] except that it was due to repay €1.5 [billion] on Tuesday to a German bank and may need a further €4 [billion] later in the week." First of all, do you recall which German bank was ... that liability was due to on the Tuesday? And do you believe it likely, in your experience as a banker, that that particular German bank would have been making the position known to either authorities in Germany or Europe or, dare I say, even potentially Irish authorities, that this potential liability was falling due and might not be met on the Tuesday?
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