Oireachtas Joint and Select Committees

Wednesday, 15 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Dermot McCarthy:

Not lacking in advice, Deputy, he was presented I think with a very stark picture which built on briefings which had been provided over previous days. He had assessments which were based on judgment, in the context of a very fevered international environment, and presented with the necessity to make a rapid decision, which could only be a judgment call, there was no analytical route to the right answer.

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