Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

No, it would be technical people, and, as I say, it would be ... it wasn't ... I don't think it even ... it was a standing group. It was almost like, if there's a problem of a financial crisis nature in Europe, who do ring in Europe? Who do you call? It's the old issue - who do you call when there's a problem? And they were setting this financial, as you call it, this financial crisis cell so that there would be a structure there that would immediately get to work on whatever planning needed to be done, and you'd have people from the ECB, a representative of the ECB-----