Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Paul Gallagher:

I think the simple answer to that is nobody wants to make a monumental decision in the middle of the night. The possibility and alternative of not making that decision was explored fully by the Taoiseach on a number of occasions and the advice was, it wasn't possible to delay the decision. I heard what Dr. Somers said in that regard. I mean, that's correct in so far as it goes. Nobody does want to make those decisions but there are times - and I've experienced it in other, far less significant situations - where the decision has to be made. That was the position.

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