Oireachtas Joint and Select Committees
Thursday, 2 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Brian Cowen:
In 2001. And then we brought in budgets in 2002 and 2003 where, uniquely, Mr. McCreevy brought in budgets which were under the amount that the Department of Finance suggested in June should be ... should be spent. So in ... we had a ... political decisions or policy decisions in May 2002, 2003, which render the warning, if you like, or the issue that they were raising, invalid at that stage, because he had dealt ... he had dealt with it.
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