Oireachtas Joint and Select Committees

Thursday, 21 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Hurley:

No, I don't agree with Professor Honohan. I mean, I don't agree liquidation was an option. I mean, if you take the common view across Europe, as I said, no Lehman's, but, you know, Mr. Honohan, Professor Honohan, has his view. I don't have that view and I would not have advised any Government to take that risk. Nyberg's report basically says it would have been extremely risky to take that approach.

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