Oireachtas Joint and Select Committees
Wednesday, 9 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Aidan Walsh:
In hindsight - and here we are seven years on - no, that level wasn't sufficient. It was significantly higher than was being projected by the banks themselves at the time and I'd emphasise, again, that it was done as a time when the Government's own forecasts for the national budget was a 1% decline in GDP and a 7% rate of unemployment-----
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