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

Because I was ... now had moved my negotiation on to changing the promissory note and, as part of the promissory note, the bondholder issue was still in there. I hadn’t conceded ... I never agreed with Trichet. I never agreed with Trichet. I never told Trichet we wouldn’t go ahead. What we did was I made a statement in the Dáil and that was that we weren’t including it in what was announced to the Dáil that day, and then the promissory note discussions were very intricate and took a long time to get a result.

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