Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

Well I was glad that we were able to get ... first of all no ... no comment or no problem in relation to the corporation tax issue. But as I say, it wasn't a question of what did we get from Europe, it was a question of Europe coming in line with where we wanted to go as to what was manageable - it was going to be very difficult politically to do it anyway - but what was manageable, and that we had an upfront adjustment of €6,000 million that we felt we could do at a push, but it wasn't going to make it any easier for us, but we could do it and we did do it. And we discharged that responsibility before leaving office.

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