Oireachtas Joint and Select Committees

Thursday, 18 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Moran:

-----right, because you ... you ... the point I was trying to make is that even if you get a windfall from a bank or something like that, it only happens in one year. If you don't take out the recurring deficit, you have that every year, so a deficit measure of €3 billion, if you don't make that adjustment, in three years you've added another €10 billion to the debt and it keeps going ... it's not stopping-----

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