Oireachtas Joint and Select Committees
Thursday, 16 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Paul Gallagher:
-----but it was that they were solvent. But one has to be very careful in sending out a statement to the market. And there is a responsibility in that regard and I think the view was taken at the end that the safer course was to remove that statement but it wasn't for any reason that somebody had said, "These banks are insolvent."