Oireachtas Joint and Select Committees
Wednesday, 24 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. John McCarthy:
The Minister didn't ignore it in the sense that he signed off on the budget strategy memorandum - and this is detailed in the Wright report - each June or July. But between then and when the budget ... in early December, other events took over that allowed a more pro-cyclical fiscal stance.
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