Oireachtas Joint and Select Committees
Thursday, 16 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Paul Gallagher:
Absolutely. My understanding was the view was taken by Minister Lenihan and the Taoiseach that if you say, "Yes, we're now entering negotiations for a bailout.", whatever little leverage - and you've very little leverage in that situation - was gone. And then they start imposing the conditions.