Oireachtas Joint and Select Committees
Thursday, 5 December 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Fiscal Assessment Report November 2013: Discussion with Irish Fiscal Advisory Council
3:25 pm
Michael Creed (Cork North West, Fine Gael) | Oireachtas source
We trespass on economic policy so Professor McHale is welcome to trespass on political analysis. Can Professor McHale comment on the defensibility of the banks considering raising interest rates for variable rate mortgage holders when the ECB is considering decreasing interest rates? This is because the banks are losing their shirts on the tracker books. Is that economically indefensible?
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