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Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Susan O'Keeffe: I don't think we are, Mr. Goggin.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Susan O'Keeffe: Well then why did ... why is this statement here that, wherever possible it did not request a guarantee and did not require it? I don't understand. I'm sorry. I'm not trying to be difficult, I just don't understand. I don't understand why hours before you went to Government Buildings, in your own minutes, it says we're not going to be asking for it and we mustn't mention it, and then when...

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Susan O'Keeffe: Yes, of course-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Susan O'Keeffe: Thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Susan O'Keeffe: Thank you.

Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future
(30 Apr 2015)

Susan O'Keeffe: Mr. Trichet, bienvenue en Irlande.

Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future
(30 Apr 2015)

Susan O'Keeffe: The late and former Minister for Finance, Brian Lenihan, recalled in an interview that he did in September 2010, that he had picked up a message on his telephone, his own mobile telephone, from you on Saturday, 27 September 2008 that said, "You must save your banks at all costs." Can you tell us what your recollection is of that phone call, and what communication either preceded that or...

Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future
(30 Apr 2015)

Susan O'Keeffe: So, just to clarify, Mr. Trichet, you or the ECB never gave any message to Ireland in September 2008 that no bank should be allowed to fail.

Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future
(30 Apr 2015)

Susan O'Keeffe: And again, during the hours that followed Saturday, through Sunday, through Sunday night, there were no phone calls, messages, conversations taking place between the ECB or its representatives and any member of the Irish Government or officials over that 24 or 36 hours?

Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future
(30 Apr 2015)

Susan O'Keeffe: Yes.

Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future
(30 Apr 2015)

Susan O'Keeffe: Yes.

Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future
(30 Apr 2015)

Susan O'Keeffe: So the Government didn't seek your advice and you didn't give it?

Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future
(30 Apr 2015)

Susan O'Keeffe: And finally, you say in your own statement on page 7 today, "The wave of debt maturing in September 2010 issued under the guarantee – confirmed Ireland’s loss of access to sovereign markets. Combined with other factors [...] the Irish government was confronted with no alternative but to ask for official support." Are you suggesting there, Monsieur Trichet, that the guarantee,...

Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future
(30 Apr 2015)

Susan O'Keeffe: Merci beaucoup.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Susan O'Keeffe: Thank you, Chair. Mr. Boucher, you acknowledged to Deputy Higgins that the letter that he referred to was a mistake. Did you write any other letters of that kind about any other developers or consortia or anything of that kind?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Susan O'Keeffe: That was a one-off?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Susan O'Keeffe: Did any of your colleagues at the bank write any letters of that kind?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Susan O'Keeffe: Not that you're aware of?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Susan O'Keeffe: Okay. In 2014, last year, you were at an IBEC conference and RTE reported you as having said, when you were asked about the bank's property lending during the boom, you said, "Obviously everyone did things to different degrees, but when there is a wild party, even good girls get into trouble." What were you referring to there?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Susan O'Keeffe: But is it not-----

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