Oireachtas Joint and Select Committees
Wednesday, 8 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Brian Cowen:
-----I'm not stopping you, in relation to Trichet ... Mr. Trichet's statement, yes it is true, I mean obviously I'm not questioning the fact - it's been made by officials here - that the ECB were very helpful in making sure that that liquidity assistance was available to fund the banking system. So no-one is being churlish in that respect. But what I am simply saying is that we as a Government were moving to a position of making decisions that were of importance and the idea that we would have to be .... get a letter to remind us or to say to us, you know, focus in on this issue - we were very focused on the issue. We just wanted to make sure that the institutional people we were dealing with were going to ... we were going to end up with a programme that we believed was consonant with what we thought was possible and doable, consistent with maintaining to the greatest extent possible, employment in the economy. And to come back to your point, that's what his discussions with Olli Rehn were about in September.
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