Oireachtas Joint and Select Committees

Thursday, 2 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

Well, I shared the concern that we had a level of output that clearly was not sustainable over a period of time and that we needed to see, hopefully as quickly as possible, how that output would reduce and take account of it in our budgetary strategy and that's what we did in '08.

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