Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

Well, that's a view that people can express. I've explained the rationale behind the policy we were pursuing, and I acknowledge that had we spent less, and I think I acknowledged in the opening statement today that had there been less spending then the level of vulnerability would have been less. But that would have come at a cost of higher unemployment, and less growth. So-----

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