Oireachtas Joint and Select Committees

Thursday, 2 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

Okay. If that is the view of the European Union fine, if that's their view. I mean if you are asking me do I believe we were fiscally imprudent? At that stage, my view is full employment was the overall policy objective. We had surpluses. You know, we were in a better shape than a lot of the other countries and one of the controversies at the time was why was Ireland being singled out when there were others who were actually in excessive deficit procedure at the time.

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