Oireachtas Joint and Select Committees

Wednesday, 15 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael D'ArcyMichael D'Arcy (Fine Gael) | Oireachtas source

In terms of the financial stability reports, the final report, '07, clearly itemised where the public debt, the household debt, had come from ... that's a line that I pursued, Mr. McCarthy, 71% in 1997, of GDP. In '07 the predicted figure was 248% of the GNP, highest in, in Europe; some of the highest in the world. You should have read those reports.

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