Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Bertie Ahern:

Well, obviously it just ... we were ... we were going up in terms of the number of houses that we were producing, rather than where we wanted to be, stabilising. And the economy was still growing at 6% or 7%, so it was not easing up, which is what we wanted to see happen, particularly on the property side, but I was happy on the other side. There were other sectors of the economy growing very strongly, even to the end, and if you look at 2008, my last period, 28,000 jobs were created. We lost 20,000 in construction and still, just at the time I was leaving, there was a speech, I think, one of the papers, where I was talking about that, that we were actually managing still to create jobs and managing to see it slow down, the construction, and still manage it, so I still thought we could manage it through.

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