Sean Barrett (Independent) | Oireachtas source

The design fault in the original euro was that it did not protect small countries from massive capital flows from large countries, which did not mean much to the large countries because, by definition, they are large countries. Do the witnesses think we are protected against the Croke Park-style cheering of the two main Irish banks as they bought vast amounts of money in Germany, causing the property bubble in this country and seriously enhancing their bankers' fees and the value of their shares as long as the bubble lasted? The witnesses were left to sort out the mess. Do they think we are protected and that we could stop a property bubble if a lot of money arrived here from Germany and France again?