Oireachtas Joint and Select Committees

Thursday, 25 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael D'ArcyMichael D'Arcy (Fine Gael) | Oireachtas source

In Kevin Cardiff's evidence, Governor Honohan, on three occasions he says:

Overall, though, these two days of discussions [this is 14 November] had achieved quite a bit. There was one point of disagreement [though] towards the end of day two [I think]. Mr. Masuch said that his bosses in the ECB would now hope and expect the Minister for Finance would immediately announce a decision to enter a bailout.

Subsequently he says that on another occasion, a number of days later, these discussions were tough, there was great pressure on Lenihan to agree immediately to request an EU-IMF bailout-----

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