Oireachtas Joint and Select Committees

Wednesday, 13 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Tom Parlon:

Well, I assume it was projects that were being developed at the time. I honestly don't know off the top of my head. I assume it was for projects that were ongoing, because NAMA came in when it did, like, the industry had been in serious decline but even in the worst-case scenario, our industry was worth about ... over €8 billion worth of activity, in any year, and employed, sort of, at the minimum, 96,000 people, so there was still quite a lot of work going on at any particular time, even in the worst-case scenario.