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Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: What did you think on the night? You were general secretary of the Department of Finance at the time.

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: You have given, I suppose ... I want to get through a couple of areas Mr. Doyle and you've given, your basic point is you're saying that you had serious concerns about the solvency of Anglo and Irish Nationwide in terms of the way the liquidity was-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: You'd appreciate I want to cover a number of areas Mr. Doyle and I appreciate you want to-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: Okay. In terms of your role as general secretary of the Department, what advice did you give to the Minister for Finance and the Taoiseach leading up to the blanket guarantee being put in place? What advice did you give to them that you felt should be put in place in terms of the guarantee?

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: Did you consider the nationalisation of Anglo and Irish Nationwide in terms of the options you put to Government?

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: And what was your view on that Mr. Doyle?

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: What was your own personal view that you gave to Government?

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: So, when it came down to it Mr. Doyle, what was your bottom-line view to Government?

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: You agreed then, with the blanket guarantee?

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: We have Mr. Kevin Cardiff's statement, which we have received. He has to say, as yourself, that the Taoiseach and Minister for Finance left the room at some point. You might just explain when they left the room? And you added into your own statement that the Minister for Finance, when both the Taoiseach and the Minister came out and said they are going with the blanket guarantee, he did...

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: Both.

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: Did you concur?

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: You had the Minister for Finance and Mr. Cardiff in favour of nationalisation of Anglo and Irish Nationwide and after the meeting-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: But was the decision changed? The decision to go with a blanket guarantee, did that arise out of the meeting between the Taoiseach and the Minister for Finance when they stepped out to have a private meeting?

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: It was an a.m. meeting rather than a p.m. meeting was it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: Very late anyway.

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: And did you-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: Did you have any subsequent discussion with the Minister on this matter?

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: OO00500 type: 1 --> At all?

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Kieran O'Donnell: No?

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