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Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: Okay. So, with that in mind, did you inform the heads of the Anglo Irish Bank that you were going to provide the emergency liquidity assistance to them?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: So when the heads of Anglo Irish Bank went to bed that night, they knew that their bank was going to open in the morning because the Central Bank were going to ... had told them that ELA was going to be offered. Is that correct?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: Okay. So, regardless of what happened in Government Buildings, Anglo Irish Bank was going to continue to function the following morning.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: Just ... I understand what the issue is but I am asking the question. Is that a "Yes" or a "No"?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: That's fine. I just wanted to get clarity on that.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: That's fine and I appreciate that. I am more interested in the ... kind of ... the scenario that has been painted to the public and, indeed, evidence we have had before the committee that this had to be done that night because a bank was going to collapse the following morning. And you've given testimony to the contrary in that ... that the arrangements were put in place that it wouldn't...

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: Yes. The question I have then is ... let me just actually backtrack a wee bit. You've mentioned to the Chairperson and others that was legislation prepared to nationalise a bank. I think you mentioned that that was before ... sometime in the summer. Was the ... was there legislation prepared to nationalise a building society?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: And was that prior to the legislation to nationalise a bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: I understand that. I understand that. In relation to, in relation to the issue of the guarantee, you mentioned that the coherence of the statement on that night, if the coherence was not there, we would have went down. Now, some would say that the country did go down, that it went into the hands of the troika two months later, and one of the central modifications-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: Two years later, sorry.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: Two years later, was the guarantee that was issued and the decision that was taken that night. Knowing everything that has transpired since that night in Government Buildings, do you still stand over your advice to guarantee Anglo Irish Bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: No, it's the same question, with respect, Chairperson, because we will not have time - or I will not have time - to go through the whole matter about the financial-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: -----European financial crisis-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: -----between that date and today. The question-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: No, no, no, the question is quite simple. With the benefit of hindsight, John Hurley, sitting here in the banking inquiry in 2015, knowing what has happened, do you believe the right decision was taken to guarantee Anglo Irish Bank on that night?

Written Answers — Department of Social Protection: Social Insurance (26 May 2015)

Pearse Doherty: 170. To ask the Minister for Social Protection if she will provide, in tabular form, a breakdown of the amount of additional money that would be raised in a year for the social insurance fund if a new band of employer's PRSI was introduced on weekly income exceeding €1,923 at the rate of 19.75%; if a new rate of employer's PRSI were introduced on weekly income exceeding €1,635...

Written Answers — Department of Social Protection: Social Insurance Data (26 May 2015)

Pearse Doherty: 250. To ask the Minister for Social Protection in relation to the insurability of employment, and determining the employment or self-employment status of persons, if she will provide details of the total number of decided cases, whereby persons were successfully deemed by the SCOPE section in her Department to be employees, since the section's inception; if she will further provide, as a...

Written Answers — Department of Finance: Mortgage Arrears Proposals (26 May 2015)

Pearse Doherty: 257. To ask the Minister for Finance if he will provide a list of the legislative, including secondary, changes required to implement the policy announcement of 13 May 2015 on mortgage arrears; and if he will make a statement on the matter. [19813/15]

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