Oireachtas Joint and Select Committees
Thursday, 9 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Ms Cathy Herbert:
Well, I think he ... he felt that he took the decisions he did in the best interests of the entire country. He was a great man for believing in the common good. He obviously deeply regretted the hardship that those decisions caused. There was specifically ... he regretted some of the decisions on ... on VAT, for instance, he felt that that was a retrograde step and it hit people, poor people, and people on lower incomes.
But, in general, I think that he felt he did what ... the best thing he could for the country and I ... you know, on the guarantee, for instance, afterwards very close to the end of his life he said it was on ... I had a conversation with him where he said, on balance, it was probably the best decision that they could have made at that time.
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