Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Ms Cathy Herbert:

Well, it seems clear that, well there was unnamed sources in various capitals. I know that Brian Lenihan had a view afterwards that perhaps central bankers in individual member states were active and speaking on our behalf and speaking out of turn. It seemed, actually when ... I mean I know there has been a lot of criticism and rightly so, deservedly so, about how the Government and how we in government handled that announcement. But I have to say there seemed to be a fair amount of panic on the other side as well. Europe seemed to have been, you know, the bank was panicked almost.

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