Oireachtas Joint and Select Committees

Thursday, 2 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

Yes, well the problem I have with that now is ... is that in accepting that, I also have an IMF report that says to me I have a structural surplus of 2.8% as of 2007. So they now have changed that methodology to go back and say now it's a structural deficit of 4% or something. I mean, this is all hindsight stuff.

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