Oireachtas Joint and Select Committees
Wednesday, 25 February 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Sean Barrett (Independent) | Oireachtas source
The Keynesian stimulus that Professor Connor mentioned in his opening remarks would have required the Irish Government to have run a massive fiscal surplus, which is probably impossible to imagine even now. A huge capital inflow requires the Government to counteract the stimulus by running a surplus.
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