Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. David Doyle:

As general secretary. Well, as general secretary, if you look at pre-budget outlook documents, memoranda for Government, stability pact updates, you will see that the Department was concerned about the state of the industry. As I said, in my opening statement, the Department was wrong to accept the general consensus that the industry was facing a gradual reduction to sustainable levels. In the run up to the 2007 election ... sorry, Freudian slip - budget, it was totally different.

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