Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

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

One question just before I bring in Senator D'Arcy. When the bailout programme was entered and taking the banking collapse out of that period, there was a structural deficit of approximately €30 billion regardless of bank debt - approximately €30 billion. When were the seeds of that deficit sown?

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