Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Bertie Ahern:

No, I don't think Brian Lenihan or Brian Cowen made any mistakes. I think they did their very best in the circumstances that were there. But it wasn't easy for them. You know both ... they ... I remember during the currency crisis the then Governor of the Central Bank saying to me that, "I was unlucky in one way and I was lucky in another", and I asked him what did he mean and it was Maurice Doyle, a very good Governor of the Central Bank. And he said "You are unlucky to be here when there is a currency crisis to the extent and the level that it is. But you are lucky to be here to gain the experience in this particular time" and, you know, it was that time that we had the group which afterwards, was like the domestic banking group. During that whole currency ... the Governor of the Central Bank, the Secretary of the Department of the Taoiseach, Sean Cromien, Michael Somers, who was head of NTMA, Maurice O'Connell who was, who was later Governor of the Central Bank, we met three, four times a week working and getting through that crisis. So, you do ... you do, I think, Deputy, appreciate ... you gain a lot of experience from that for me to say would it have made any difference.

Comments

No comments

Log in or join to post a public comment.