Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

Well, my recollection again is that it was a briefing given by the Minister for Finance outlining the seriousness of the situation, that we were prepared to stand by our system, obviously, that whatever was necessary to do we would do, but that ... it was a moving situation, you know. We hadn't come to a point where a decision had to be taken but that, certainly, things were serious. And he would have outlined verbally what, sort, of things we were looking at ... you know, a verbal presentation which would have hit all the necessary things that you'd expect him to say.