Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Bertie Ahern:

Well, we had, at that stage, partnership agreements. I think we were endeavouring - and were - to keep wages in line and salaries in line with what we thought was a sustainable level. We were doing our utmost to generate employment. We had ... by 1998 we were on about 1.4 million people working in the economy. We believed there were opportunities to increase that. We were trying to attract new industries. At that stage, as you know ... was the area when we really focused in on trying to get in foreign direct investment from the pharmaceutical sector and from the medical and medical appliances sector. We made a huge push from '98 to 2003 to bring in as much foreign direct investment as we could to give quality jobs.

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