Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

I don't believe so. In fairness, I think that it just ... it was unfortunate to the extent that had we been allowed to get to that weekend, with the discussions going on as they were ... because remember these consultations as they were being called, that's the wording that came out of the decision of the ECOFIN meeting on Tuesday. They were talking about the consolations will continue in Dublin. Now consultations are consultations, it's not a decision to apply to anything. But we were acting in good faith. Brian Lenihan was saying to colleagues, "Look we're ... there's some outstanding issues we'd like to just get clarified, we're moving a certain direction." You know, he was trying to be ... show that we weren't being recalcitrant, we were just trying to make sure that we got as good a deal as we thought we could get.

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