Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Finally, Dr. Somers, can you explain why the Minister for Finance which would have been Brian Lenihan requested you to visit Jean-Claude Trichet, given that the Minister would have had regular contact with Mr. Trichet and his officials? This is in relation to the €60 billion sum that you were seeking for NAMA. So can you comment on that and can you give us some background on how the €60 billion figure was arrived at?

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