Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Tom Considine:

Yes, we did. Yes, we did. We tried to ... we did a lot of work and it's on the public record. I ... I appeared before the public accounts committee at the time and I set out, you know ... the problem really with a lot of this is that a big driving force in a small, open economy like ours is the initial forecast for the economy. A lot of the tax revenue hinges on that, right? So if the ... if the initial ... if the forecast turns out to be wrong, you know, if it doesn't happen, which is what ... what, you know, essentially happens when you get a crisis, you know, then-----

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