Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

Well, they don't ... they don't do either in relation ... Or what it says about the soft landing theory is it says it's a very hard landing theory ... very hard landing obviously, given what happened. But the analysis up to then which we went into in some detail last week, the assessment was both domestically and internationally, the preponderance of evidence, not all of the evidence, but the preponderance of evidence was that it would be a softer landing.

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