Oireachtas Joint and Select Committees

Thursday, 10 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael) | Oireachtas source

That was certainly part of the reason. Another part of the reason was that they were getting to know us in Europe at that stage, and they knew we weren't some kind of bandit government and that, you know, we were going to work the programme if we got it renegotiated. And a level of trust had begun to build up and as the trust built up, they were prepared to make concessions to us. So, I'm not too sure. I wouldn't say it was all because of the change of central bank governor.

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