Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Eugene McCague:

I mean, yes, we had a sense it was in a grave situation but we certainly had no sense of the timeline and we certainly didn't have a sense coming in on Wednesday that the big decision would be made in less than a week. But yes, we had a sense that this was, I think, a matter of weeks and that it was something that ... it was a very grave situation.

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