Oireachtas Joint and Select Committees
Thursday, 21 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Susan O'Keeffe (Labour) | Oireachtas source
Mr. Hurley, in Professor John FitzGerald's evidence on pages 329 and 330 he said:
Looking back on it, had I even looked at the data on the balance sheet of the banking system, I would have known there was a major problem. I would not have needed a lot of research to conclude it was not just fiscal policy ... I suppose a lot of people relied on the fact that the Central Bank had the biggest number of economists doing research.
And then he went on, "One would not have needed much expertise to know that there was a problem, were one to look at the data."
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