Oireachtas Joint and Select Committees
Thursday, 28 June 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Sale of Promissory Note Bonds: Discussion
9:30 am
Paddy Burke (Fine Gael) | Oireachtas source
I welcome everybody. The then Minister for Finance, the late Brian Lenihan, said on numerous occasions that it was a liquidity problem.
He did not think that up himself. He was going on advice from the Department of Finance. How complicit were the Central Bank and the Department of Finance in the negotiations that went on behind the scenes to give that advice to Brian Lenihan, who wrote the document? He was not going on his own advice, he was advised. Behind the scenes, there must have been a great deal happening.
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