Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. David Doyle:

The cost of nationalisation. There was no ... there was no figure put on it because what the Government was ... was going to contemplate at that time ... it was standing in to stop the ... the bank sinking. There was a realisation that there ... there might be a need for financial strength and the company had been saying it needed about a billion and it was confident. So, that was the figure. As events unfolded, that figure became unreal.

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