Oireachtas Joint and Select Committees
Thursday, 9 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Dr. Michael Somers:
I don't know. I mean, the reason I was there, by the way, was that, you know, there was the difficulty about getting him over. I knew him quite well and Brendan Halligan asked me would I sit up so at least he'd have a ... whether he thought it was a friendly face or whatever but at least somebody he knew. I mean, his attitude was, as I understood it, that he had a quarter of his loan book stuck in Ireland. That he had given ... he had just given another chunk of money to Ireland and his attitude was, "If you want any more, you know, I've come to the end of my ... the road here, you'll have to go for a bailout, you'll have to bring a few others in because I'm not putting any more than 25%." And by the way, if I was in his position I would have said exactly the same, you know, a quarter of your loan book out to one small country, it was, he was taking a huge risk, I think. Now I'm probably biased because we've been friends for years and, you know, I wouldn't have the hostile attitude. Well, I always found him a very pleasant fellow and, as I say, I knew he was a Breton he felt he'd close relations with Ireland and that he had done the best he could. Now you can agree or disagree with him but, as I say, I was probably biased.
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