Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

Well, the Minister for Finance would, obviously, work on the advice he had and he had to make sure that he could get ... we knew we had big deficits to fund. It's important that we got the money to fund those deficits, plan our way through the next three or four years and, obviously, he would be very much influenced by that and the NTMA would have a fair say on that but as I say, the situation changed once we got an alternative access to funds over a relatively long period of three years when we didn't have to be going to the bond market looking for money.

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