Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Bertie Ahern:

No, well, a decision was made as it is in most cases not to spend. No, but remember in this case ... I don't want to forget the position that in ten of the 11 years, there was a surplus. That the effectively the net position of the GDP ratio, as the IMF liked to say, was 12%.

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