Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

And that brings me back to the ... one of the earlier questions I asked you when we commenced this session today, when I demonstrated a table which showed an increase in public service allocations between 2000 and 2008 at a 141% in total increase in expenditure, which was precisely double the growth of GDP over the same period. So we had that expenditure running ahead of GDP, we had this massive cyclical tax thing, we had a difficulty in the banking section. But would you have a view that Ireland's crisis was not ultimately a banking crisis in isolation, that there was a cyclical tax crisis that was coming down the tracks, or not?