Oireachtas Joint and Select Committees
Thursday, 16 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Paul Gallagher:
I suspect that's my recall of the ... what was said. I think the committee has had evidence that it had to make a repayment, I think on Tuesday and later in the week. And, of course, if you don't make the repayment, then somebody can ... you have defaulted and for a bank to default, that is the equivalent to failing.