Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Just a couple of things I have to tidy up from earlier on in terms of the graph was put up a number of times of the June budget strategy memo, the red and the blue columns showing the actual budget outturn on social welfare and tax packages being significantly above the June memo levels. Can I ask in that context, Mr. Cowen, do you feel that you were sufficiently advised of the potential damage of this expansionary budgetary policy at a time when monetary policy was very loose and credit was also growing at a rapid rate in the economy?