Oireachtas Joint and Select Committees
Thursday, 16 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Bertie Ahern:
Well, from the year earlier, I mean, the housing ... from second ... I think the entire second half, maybe even the three quarters of 2007, houses ... the number of houses, and, thereby, the revenues, were going down. It was showing that we were going to be stretched in 2008 and all the reports show that. But equally, as I said earlier on, even in the growth and stability pact of December 2007, the Department of Finance, which would have been going to Brussels in January 2008, the Department of Finance were indicating that we would grow 3% in 2008 and 3% in 2009.
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