Oireachtas Joint and Select Committees

Thursday, 2 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

Well, I mean, you're asking me to redraw the budget now. I'm saying to you, you know, genuinely speaking, that looking back on it, I think the '08 budget, whilst it did account for the change in the situation and all the rest of it, I think probably there needed to be a ... we needed to start a tighter position that year rather than allowing for the new Government to settle in, etc. Sometimes that can happen.

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