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

Thank you. And my last question in relation to NAMA, because in your story of 2010, NAMA comes up quite a bit. The, you know, announcements of the haircuts in March, then again in September. And each time you mentioned them, the prospect of a bailout comes closer into view. So was the work of NAMA delayed, and if NAMA had moved more quickly, are we then talking about bailout negotiations starting sooner or are we talking about avoiding one altogether?

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