Oireachtas Joint and Select Committees

Thursday, 10 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Marco Buti:

We have to make, clearly, a judgment. At the time, it was ... it was, as I said, on the bail-in issue as well as on other issues, but when we come to the ex post reconstruction, I think we should have a degree of modesty and a sufficiently long memory to understand that ... At the time, you may recall that we had the Financial Timeswebsite counting the minutes till the euro would collapse. This was the kind of unprecedented life-threatening situation in which we were.

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