Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Paul Gallagher:

Absolutely. My understanding was the view was taken by Minister Lenihan and the Taoiseach that if you say, "Yes, we're now entering negotiations for a bailout.", whatever little leverage - and you've very little leverage in that situation - was gone. And then they start imposing the conditions.

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