Oireachtas Joint and Select Committees
Wednesday, 24 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Kevin Cardiff:
No. The €10 billion was to ... we knew that they might, later, because if the market keeps going in the direction it was going, then that could be ... could be the point you would get to. Remember, Deputy, if ... for example, we wanted them to contribute to their own recapitalisation, we wanted them to sell assets, we wanted them to look at their profit centres, we wanted them to reduce their costs. So if you give them more than they need-----
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