Oireachtas Joint and Select Committees

Thursday, 10 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Okay. So six weeks after you got this phone call from Trichet, which altered your speech to the Parliament, you announced on RTE - in Washington - that you were going ... the Government was going to pursue the burning of bondholders in Anglo Irish Bank and Irish Nationwide, with the consent of the ECB. You’re just after telling us that you didn’t discuss with Trichet after that point, and you already knew at that stage that Trichet told you that a bomb would go off in Dublin if you pursued this angle. So why did you make that statement, Minister?

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