Oireachtas Joint and Select Committees
Thursday, 2 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Brian Cowen:
Well, the thing about this is ... pipeline projects ... I brought in the Finance Bill ... 15% of the work had to be completed, okay, before you became eligible on the transitional one and then you had, the following year, 75%, and the following six months, 50%. That was a medium ... a via mediabetween the two recommendations for transitional projects only. We abolished the schemes, Deputy. It was a dramatic policy shift.