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Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Eoghan Murphy: And in relation to the knowledge of the Financial Regulator and whether or not you could trust the information that they had, if they had all the information that was needed to make that decision?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Eoghan Murphy: Okay, thank you and just-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Eoghan Murphy: Thank you, Chairman, and thank you Mr. McCarthy. Just three brief questions. We had in evidence from Ann Nolan that before nationalisation of Anglo could take place that the bond agreements would have to be analysed and looked at and ... to see what was there. But at the same time the Government was preparing legislation for nationalisation of a bank, more than likely Anglo. So were you...

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Eoghan Murphy: Okay, thank you. When the new Government attempted on 31 March to ... a second attempt at burden-sharing, there was a phone call between Jean-Claude Trichet and the Taoiseach, is that correct?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Eoghan Murphy: Who instigated that phone call?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Eoghan Murphy: Was there any contact between the Taoiseach in November - the end of November - with the president of the ECB, Jean-Claude Trichet, in relation to burden-sharing at that final moment when a decision was being made whether we'd do it or not?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Eoghan Murphy: Why wasn't the Department of the Taoiseach leading in the negotiations on the bailout agreement, including burden-sharing, at the time of the bailout negotiations in November 2010?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Eoghan Murphy: And yet the Department of the Taoiseach led on the night of the guarantee?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Eoghan Murphy: Final question then is, in relation to your time as Secretary to the Government and Secretary General to the Department of the Taoiseach, did you ever have concerns yourself or were concerns ever brought to you by senior management in the Government apparatus about improper influence on Government decision-making or policy formulation from individuals or sectors or industries outside of the State?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Eoghan Murphy: Okay and you never felt there might be an improper association between ... a part of the Government and a particular industry or sector in the State?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Eoghan Murphy: Thank you. Thank you Chairman.

Written Answers — Department of Environment, Community and Local Government: Weather Forecasting (16 Jul 2015)

Eoghan Murphy: 700. To ask the Minister for Environment, Community and Local Government his plans to add weather forecasts from weather stations in Northern Ireland to all of Met Éireann's weather reports (details supplied). [29698/15]

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Eoghan Murphy: Thank you, Chairman, and thank you, Mr. Gallagher, you're very welcome. You were involved in the bailout negotiations in 2010?

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Eoghan Murphy: Thank you. Did the ECB get its own legal advice on whether it was constitutional for Ireland to impose burden-sharing with the banks?

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Eoghan Murphy: Okay, Mr. Cardiff in his written evidence to us, on page 88, or 188 - it was a long statement - said that the ECB informed him that under Irish law it would be unconstitutional, and his response was to effectively threaten a referendum. Were you made aware of any of these discussions during your time?

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Eoghan Murphy: So if the ECB would have had this discussion with Mr. Cardiff, as he alleges, that would have been improper on their part from a-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Eoghan Murphy: Okay, that was never communicated to you. Okay, thank you. You talk then about your concern, in your opening statement on paragraph 55, about protecting "Ireland's legal autonomy pursuing to the European Union Treaties, in relation to its corporation tax rate". What was the concern?

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Eoghan Murphy: What was the legal position? I mean, surely-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Eoghan Murphy: And were you aware of which countries, in particular, were looking for this quid pro quo?

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Eoghan Murphy: Okay. And does this explain, perhaps, the delay in willing to agree to enter negotiations?

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