Oireachtas Joint and Select Committees

Thursday, 2 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

I think what he's referring to there, Deputy D'Arcy, is political pressure from within the Cabinet on consideration of proposals that were coming from the Department of Finance. When he talks about political pressure becoming irresistible, he is talking about in the subsequent bilateral Estimates discussions and the Cabinet discussions about those Estimates that it became clear that the policy decisions that were being made which would exceed what the Department had set out in June.

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