Oireachtas Joint and Select Committees
Thursday, 11 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael D'Arcy (Fine Gael) | Oireachtas source
The level of personal indebtedness, which was itemised as a particular vulnerability, in 1995 was 71% of GDP ... I've collated these figures from the FSR reports. In two ... of GDP. In 2007, 12 years later, the figure of GNP in the IFSRA ... or in the FSR report was 248%, taking this country to the most personally indebted nation within western Europe. Was that not highlighted to you, as the chairman of the Financial Regulator's office, at any stage?
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