Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Paul Gallagher:

Yes, and I've already mentioned that. That was the letter in which I provided advice with regard to how we addressed what was, for me, a very pressing issue and that was getting state aid approval. That was my responsibility. I was asking for help in relation to it, the expert was setting out what the position was and I was very concerned that if that ... if I failed in that task, then the consequences would have been very serious, because you'd have had an announcement of a guarantee, then it being held you couldn't legally do it ... and what was to happen then?

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