Oireachtas Joint and Select Committees

Thursday, 10 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael D'ArcyMichael D'Arcy (Fine Gael) | Oireachtas source

The adjustments, the reduction in the interest rate €4.4 billion, the extending of the maturities and then the change to promissory note ... can I ask: do you believe that with your co-operation – and I use the word "co-operation" – with Mr. Trichet in relation to the non-burning of the €3.7 billion Anglo senior bondholders ... do you think that some of those adjustments were facilitated because of the level of co-operation between you as the Minister for Finance and Mr. Trichet and the troika?

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