Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Bertie Ahern:

No, I don't think I was giving a different speech because unemployment ... I disagree with the first point you made that it was only in 2007 that property started easing. It was in 2006 and it was generally being talked about since probably the second quarter of 2006 that property was easing up. But unemployment was building fairly rapidly in the construction industry after the summer of 2007 and into 2008. And, you know, there were 230,000 people working in the construction industry, and that day, whoever I was talking to - I'm sure it was a well-attended function, like all other functions you'd attend as Taoiseach - it was necessary to try to keep our construction industry as strong as we could.

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