Oireachtas Joint and Select Committees
Wednesday, 8 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Susan O'Keeffe (Labour) | Oireachtas source
This is document DOF03151. Now, Mr. Cowen, I know you don't have this document and I'm sorry about that, but this is a briefing note that was given to Brian Lenihan as he came into office, right. So I suspect that everything that's in it is material that you already know, all right. So, effectively ... it effectively discusses some of the dilemmas facing Mr. Lenihan, "we are now factoring in a €2 billion shortfall in taxes but have not publicised this as yet". This represents a significant worsening of the position for this year, with serious consequential impacts for next year. Again, that's something you would have known.
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