Oireachtas Joint and Select Committees
Wednesday, 8 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Joe Higgins (Dublin West, Socialist Party)
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Go raibh maith agat. Mr. Cowen, in your opening statement, at page 1, you write, "Ireland participated in the newly created Financial Crisis Cell which was not established at E[uropean] U[nion] level until October 2008." Could you tell us what this is about? It's not an organisation that would be known widely, if at all, by ordinary people. Who were the members of this financial crisis cell? And what were the terms of reference and purpose? And why the name, "cell"?