Oireachtas Joint and Select Committees

Wednesday, 15 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

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

Thank you, Chair. Mr. McCarthy, you're very welcome. Can I start by asking you about some evidence given by Kevin Cardiff when he commented that ... on the decision to enter into bailout negotiations in November 2010, he said the communication at ministerial level over the weekend prior to the announcement of the start of negotiations had not been clear enough to prevent them walking into trouble, referring to Ministers Dempsey and Ahern, in particular. So can you please set out what steps, if any, were communicated to you to ensure that there was a harmonised message across Government around this time on the entry into negotiations?

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