Oireachtas Joint and Select Committees
Thursday, 18 December 2014
Committee of Inquiry into the Banking Crisis
Context Phase
4:25 am
Kieran O'Donnell (Limerick City, Fine Gael)
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Did Mr. Wright get the opportunity to look at any years? Clearly, that is the critical element. His report states that what was brought by the officials was relatively prudent and then every year, apart from 2003, over a ten-year period, the budget was far in excess of what was being proposed by officials. Looking over that ten year period, does Mr. Wright believe the way the economy was being run was based around electoral cycles as distinct from economic prudent cycles?