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

Yes, but that’s not the question I’m asking about the promissory note at all at all. I’m asking you about your public statement, which was I think in Washington, and you did an interview with RTE and all of this is on the record, where you talked about that the banks are no longer normal entities and more like warehouses, in that context you would be going to Ireland’s European partners to propose significant cuts in the money to be paid to the bondholders, yet you didn’t have any conversations about burning bondholders with Mr. Trichet after this event and you knew Mr. Trichet’s position prior to this, six weeks earlier.

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