Michael D'Arcy (Fine Gael) | Oireachtas source

It's 134 onwards, Chairman, and I've done analysis of the personal indebtedness, Mr. Hurley. In '95, it was 71% of the GDP of the nation. I'm only going to use three figures, please; '06 it was 192% of the personal ... of the GDP of the nation; and on page 182, on the right hand column, in '07 it says: "The overall level of indebtedness could reach 248 per cent of GNP by end [of] 2007 compared with 222 per cent at end-2006." What was going to happen when there was a downturn, when the public were indebted to the tune of 248% of the GNP of the nation?