Oireachtas Joint and Select Committees

Thursday, 2 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

Well, you know, I'd take account of advice. I mean, there are central banks, for example, the Fed in America, who make no comment on fiscal policy whatever and don't see it as their role. But, I mean, in a small country like ours, if people want to make a view on fiscal policy, that's fine. But, at the end of the day, Government makes the decisions and we, as I have said, we had sought to marry ambition with responsibility. We had serious issues to deal with as a result of, thankfully, for the first time maybe in a long ... perhaps since the foundation of the State, a growing population ... many needs, expectations having risen, service gaps identified and the need to address them and the need-----

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