Oireachtas Joint and Select Committees
Thursday, 9 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Ms Cathy Herbert:
Yes, I think so, because we had done an amount of budgetary adjustment. I think it was €14 billion ... €15 billion at that stage. We had been in negotiations with the ... with the ... supervised by, if you like, the Commission and the ECB on what was ... what was to be done in the next budget. It was to be €6 billion. And we had our four-year plan so, you know, we ... we had a handle on what to do about our budgetary position. We ... we had taken action right throughout the crisis.
No comments