Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

He was simply reporting me to as Head of Government that it was being mentioned that Ireland should be considering its position and I said, "Well, we are considering our position. I want to remind you that we are well funded until mid-2011. There is no immediacy here unless there are other things at work." And one of the other things at work clearly was that in the following week or two, you had the ECB starting to come to a conclusion as to where it stood on liquidity assistance.

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