Oireachtas Joint and Select Committees

Thursday, 25 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

Okay. Coming then to the end of the negotiations, and you have written in that same chapter in the Lenihan book:

It was on Friday, 26 November that the Troika staff told Brian in categorical terms that burning the bondholders would mean no programme and, accordingly, could not be countenanced. For whatever reason, they waited until after this showdown to inform me of this decision, which apparently had been taken at a very high level teleconference to which no Irish representative was invited.

We spoke about that teleconference with Mr. Cardiff and we've had another evidence, but, what do you mean, "For whatever reason, they waited until after this showdown to inform me of this decision?"Should you have been party to those discussions?

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