Oireachtas Joint and Select Committees

Thursday, 28 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Thank you very much, Deputy. Could I just ask one question, following Deputy O'Donnell's line of questioning with you, Mr. Neary, and that is, if the banks had lent €440 billion and the Irish economy was worth €160 billion, how do you think the banks had enough capital to withstand the property downturn?

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