Oireachtas Joint and Select Committees

Wednesday, 21 January 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

We were running budget surpluses at the time but you also make the point that they were not big enough. In one of your papers you stated that underneath it all there was a structural deficit. Mr. Regling said this morning that we are still not good at working out that structural imbalance under the economy.

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