Oireachtas Joint and Select Committees

Wednesday, 25 February 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Sean BarrettSean Barrett (Independent)
Link to this: Individually | In context | Oireachtas source

The Keynesian stimulus that Professor Connor mentioned in his opening remarks would have required the Irish Government to have run a massive fiscal surplus, which is probably impossible to imagine even now. A huge capital inflow requires the Government to counteract the stimulus by running a surplus.