Oireachtas Joint and Select Committees
Wednesday, 24 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
So to return to the question again, and as you indicated there, the pension reserve fund, for instance, was indicating that current expenditure may be possibly maintained up to July 2011, that the cost of outgoings were in or around the level of expenditure that the pension reserve fund would be depleted by July of '11. But to come back to the question, was the entry into the programme in November, even though the costs were quite, quite significant, of a lesser cost if the programme had not been entered to at that time and had been delayed into, let's say, quarter one or quarter two of 2011?
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