Oireachtas Joint and Select Committees
Wednesday, 9 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
My time is limited on this here but I would probably ... if we get a chance maybe somebody would pick it up. I don't think it would be fair to lay that on the door of the asset management agency because there was very strong criteria laid down as to the amount of deleveraging that NAMA would have to do as a result of the programme that Mr. Lenihan agreed with the troika. But can I ask you in relation to the book that's been referenced,In Calm and Crisis, and we talked about burning bondholders, on page 111, Mr. Ray MacSharry, who writes in the book along with yourself said:
One morning I got a call at about quarter-past eight and it was Brian. He told me ... he was able to burn the bondholders and he was very happy because the European Central Bank ... Jean-Claude Trichet had told him he could do it.
Did Minister Lenihan tell you that Jean-Claude Trichet had phoned him and told him to go ahead-----
No comments