Oireachtas Joint and Select Committees
Wednesday, 8 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Brian Cowen:
We didn't ... Well we ... I asked the member of the Governing Council, who was our own Central Bank Governor, what's the EU position here? That was one of the first things I asked, actually, what's the EU dimension? And unfortunately the EU dimension was, you're on your own. That was the EU dimension that night. And at that stage then I said, right, well if that's where we're at with them we better concentrate on what it is we can do. And it's ... I was conscious of the fact, by the way, that we were a sovereign Government, we had to make a decision as we understood it, as to what was in our national interest. I mean, I'm as good a European as the next person, but you know, at the end of the day we had to make a decision ourselves.