Oireachtas Joint and Select Committees

Wednesday, 15 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Dermot McCarthy:

I didn't, Deputy. Perhaps ... just to explain, my primary responsibility as Secretary to the Government was what was the Government's action and what was required of it and, therefore, the conduct of the incorporeal meeting, which ... the minutes of that, obviously, were presented subsequently to Government for signing an adaption as usual. What transpired the following day, of course, was that there was a series of parliamentary engagements where the reasons for the decision were outlined by the Taoiseach and the Minister for Finance and there was extensive briefing and speech material prepared in ... mainly in the Department of Finance for that. It had already been decided the previous night that the notification and submission to the European Commission on the state aid issue would be done immediately and that all of the material which was considered during the course of the night would be reflected in that. And I saw, within hours, material which suggested to me that that process was, indeed, under way and would be comprehensive. So I didn't make a record of my own in regard to the night.

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