Ciarán Lynch (Cork South Central, Labour)
Link to this: Individually | In context | Oireachtas source

-----and highlights the fact that, ultimately, this was going to give rise to a crisis. As we know - and separate to the banking crisis - when the economy crashed, there was a €30 billion deficit. That was a Department of Finance problem. The Central Bank was responsible for monitoring what was happening in the banks. The activities in which the latter were involved ultimately gave rise to another a crisis and the State was lumbered with a debt of €64 billion as a result. This means that, in financial terms, the extent of the problem for the State is approaching €100 billion.