Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Marc MacSharryMarc MacSharry (Fianna Fail) | Oireachtas source

In your statement you said, "Later in the night Governor Hurley indicated that a failure to act, or a decision to allow any bank to collapse would set Ireland back 25 years and that it could take that period to recover from the setback." Just, on this 25 years and we had heard it suggested on the ... did he elaborate on the setback of 25 years? What in particular ... can you tell us more about that?

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