Oireachtas Joint and Select Committees

Thursday, 2 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

Well, we obviously have failed the test of prudent fiscal management on the basis of the outcome that has now happened. But at the time, you know, we were pursuing a policy which we believed to be prudent, and which, in the absence of a once in a century event, would have proved to be prudent. I mean-----

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