Oireachtas Joint and Select Committees
Thursday, 18 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Marc MacSharry (Fianna Fail) | Oireachtas source
Perfect. Last question. You mentioned earlier on about Governor Hurley bringing back the message, as it were, that no bank should fail. Just to confirm, in his evidence, he confirmed that it was 29 September 2008. You'll know that we had an unusual event where Mr. Trichet attended. When asked by my colleague, Senator O'Keeffe - and I'm quoting through my phone - "[Mr. Trichet,] just to clarify ... you or the ECB never gave any message to Ireland in September 2008 that no bank should be allowed to fail." Mr. Trichet responds, "No message to Brian, no message to the Government of Ireland." What is your view as to the accuracy of Mr. Trichet's account?
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