Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Susan O'KeeffeSusan O'Keeffe (Labour) | Oireachtas source

I appreciate that, but in fairness, it's arisen based on what Mr. Cowen has said this morning. He has several times said that he took his advice from the Governor of the Central Bank, isn't that correct, this morning? That ultimately ... now, I'm asking why, on the night, Mr. Gleeson said that he, and the Bank of Ireland, were asked very clearly to assemble €5 billion each, I think, on ... he says on the foot of the very clearest representations from the Central Bank Governor, made in the presence of the Government, and he says, in fairness, although not endorsed by the Government, that an orderly dealing with Anglo would occur at the weekend. So, I'm asking Mr. Cowen, why is it that Mr. Gleeson recalls from the meeting, that the Governor was advising "Give us the money so we can keep Anglo going to the weekend and then we'll deal with it?"

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