Oireachtas Joint and Select Committees

Thursday, 18 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Okay. Can I just, one final thing Chairman? Page 9, you said, "Finance Departments are by their very nature fiscally conservative." You said, "The Department had been warning of the risks to the Budget and the economy for nearly a decade before the eventual crisis hit in 2008." How were you doing that because clearly it wasn't coming through in terms of the budgets? How were you doing that to the Ministers?

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