Mr. Rob Wright:

I am not going to deny Deputy Higgins's perspective. The people who were incentivised to enter the Dublin market on the verge of this collapse, using all of their savings and their family savings, this is a real human tragedy. That is why I am here saying we should learn from it and make sure it does not happen again. In a recession people lose their jobs, their cars, their houses - this is extremely negative. Again, there is a limit to what governments can do in terms of solving all problems, but establishing a framework for stable, ongoing growth is the most important thing they can do.

We had ten years of growth in Canada. People talk about the fairness in the system. This was a great period. Between the mid-1990s and 2005 we had an extraordinary period for advancement in terms of people on lower income, women in the workplace and disadvantage people because there were opportunities in the workplace.

The Deputy is welcome to his perspective.