Oireachtas Joint and Select Committees

Thursday, 18 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Kevin Cardiff:

Okay. To be clear, I would bet an awful lot that there was ... that Mr. Trichet had issued that in no document and that it was only said informally but it was said deliberately, I am sure, but informally, and that was the feedback I got second hand through the Governor of the Central Bank. So in that sense you shouldn't try to pin Mr. Trichet on things that he didn't do or say and, indeed, in some ways, Mr. Trichet was a good friend to Ireland. My ... you're talking about tensions there. My problem with the Central Bank at times or the ECB was that it was doing all this wonderful stuff for us to be supportive, but it wasn't supporting us in the market. So, you know, they weren't out there saying, "This is what we're doing and this is what we will keep doing", so people were always concerned that they might pull back. Sorry, I have now lost the track of the question. What-----

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