Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Paul Gallagher:

No ... could I just say something that has been on my mind and it's not ... it's just something I think people should know, the public should know, because it was something that I was impressed by. I did mention, in an article that I wrote for the book on Minister Lenihan, that, as of 23 December 2010, we went over to the Merrion Hotel, and it is something remarkable ... I was constrained in what I could say in the book because of the obligation of confidentiality, but here was a man under the stress and the clear knowledge of what the future had for him, and there was only one thing that concerned him: and that was making sure that the legislation that was required to meet the bailout obligations was enacted before the Government fell. And, in a sense, it's relevant to what Deputy Murphy said, there was that conscious ... that was the only thing that was on his mind. And subsequent to that, I wrote to the Taoiseach and copied it to the Cabinet, and asked that I get every assistance from all of the Departments to prepare for the incoming Government the legislation that was required to make sure that there was no breach of those obligations because of the consequences Deputy Murphy has identified. And I got full support from the Taoiseach and the Ministers in getting that prepared. And I think that was something that was very important.

Comments

No comments

Log in or join to post a public comment.