Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. David Doyle:

My view was that the decision they were arriving on it was the right one. It wasn't a pleasant decision. It was going to be a very difficult outcome. We were in an impossible situation. Faced with the alternative - an economic and fiscal meltdown, with the huge economic consequences that would have for the country, left, right and centre, for public services that, if you had a collapse in the banking system, a collapse in funds available to the Government-----

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