Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. David Doyle:

In terms of the sustainability of that debt problem, if the conclusion was that that debt burden, the overall debt burden, wasn't going to be sustainable in future years through economic recovery and achieving a better budget balance, then the debt would have continued to deteriorate and that would be a sort of a Government insolvency-----

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