Oireachtas Joint and Select Committees
Thursday, 2 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Brian Cowen:
Of course, I mean, we were ... our Government policies were predicated on a medium-term outlook of 3% or 4% growth in '08, and similar type growth going into the future. I mean, you know, all of ... all of the policies are predicated on certain assumptions. When those assumptions no longer hold you have to adapt and change your policy. That's what we did.
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