Oireachtas Joint and Select Committees
Thursday, 30 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source
Okay, thank you. I just want to move on then to another thing that you had to do following nationalisation, which is the restructuring plan in September '09. You did two plans and you worked with them in conjunction with the Department of Finance, the Central Bank and the NTMA and both plans were rejected by the EC and you say "It subsequently emerged that the Department of Finance had not supported the plan in [their] discussions with the EC" and I think this was unique amongst member states in support programmes, as you point out. Can you explain to me what's happening there and why you're not getting the support from the Department of Finance who've agreed this restructuring plan with you?
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