Oireachtas Joint and Select Committees

Thursday, 10 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Marco Buti:

No, I think ... look, the ... we have situations in which countries have waited - I can quote you a couple of examples, even a very recent one - have waited 'til the very, very last moment where they have two stare into the abyss and they could not pay pensions and salaries any more before coming to apply for assistance. This was not the case of Ireland. So, I am not saying that it was ... I don't have a value judgment on this. I'm not saying that when they came, it was exactly the right time ... or, certainly, they did not wait till when it was too late. And I think the judgment was that the situation became increasingly difficult and, I think, it was good that they came when they came.

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