Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Bertie Ahern:

Well, Chairman, we did, in my period as Taoiseach ... and I'm sure if we went back to the documents of 1999, we would have seen those comments as well or at least 2000, when we hit the dotcom bubble. I think it was 2001 we started ... or 2002 we were growing at 12% in the first month of the year and we ended up growing by 1% so, in my political career, the ups and down were all the time there. I went through many crises. I went through currency crises when I was Finance Minister, I went through the dotcom ... and the Department of Finance - if we were to take lots of years 2001, 2003 were quite difficult because we had to make several adjustments so that one comment would not of indicated to me that it was at the end.

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