Oireachtas Joint and Select Committees
Wednesday, 1 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Sean Barrett (Independent) | Oireachtas source
The ... so we were operating ... your own quote there, on page 6, "To offset the pro-cyclical effect of low interest rates and easy money would have required running a significant General Government Surplus ...". Was that going beyond any bounds of political feasibility, that the surplus required to have €64 billion ready on 29 September 2008 would have been impossible for any Government to generate?
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