Oireachtas Joint and Select Committees

Wednesday, 1 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

So please comment on what occurred between 8 January 2009, which is page 37 to 52, when the Government ... Irish Government formally notified the European Commission that they would be recapitalising Anglo to ... on 15 January, just over a week later, when you announced ... when the Government announced they would be nationalising Anglo instead. What led to the change of decision and what other options were considered and what advice was advised the Minister and the Government in this regard? So it's that critical week between 8 January 2009 and 15 January 2009, where you went from recapitalising Anglo to the tune of €1.5 billion to nationalising Anglo.

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