Oireachtas Joint and Select Committees

Thursday, 21 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Hurley:

There was no overruling by the Taoiseach in my presence. At the meetings I was at, what you had was an ordered discussion, chaired by the Taoiseach, where options were being discussed and where there were interventions around the table by various people coming in and out on the options. And, yes, during that discussion the Minister for Finance would have said, "Well, let's look again, let's look at the nationalisation option, are we sure about this?", and that was the type of discussion it was. In my view, it was a very constructive plenary meeting, well-organised and with views coming and going on the options. If I was to come to a view on it, I would say there was a marginal view in favour at that stage of the broad guarantee, but no decision was taken at the first plenary meeting.

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