Oireachtas Joint and Select Committees

Thursday, 18 December 2014

Committee of Inquiry into the Banking Crisis

Context Phase

2:45 am

Mr. Rob Wright:

No. Frankly, I do not see it now. Honestly, that is how the political debate will have to mature going forward. How it happens is really important. I do not doubt it will happen but I have not seen it. I have seen a lot of focus on fairness and if one is going to do this, one should try to ease it. These are all important engagements.

I think the most vital engagement is if we are going to do that how are we going to pay for it, or it is fine to do this rebalancing within the framework that is established, but how are we going to enhance a more balanced sustainable growth? What are the things we can do together in that right?

It has been a tumultuous time and the members have made collectively some really important progress. The next phase of this engagement is going to change a lot of what they are doing. I really think that is what members should be focusing on. I think there is so much work to do there. Looking forward, where to from here and how do we maintain the cohesion of some really important processes like social partnership? What I personally think is going to happen over the next few years is that one is going to establish some fiscal anchors in which the debate will take place. That should be a focus of the Department of Finance and the fiscal council. It helps channel the real debate about different ways of getting things done but in a framework that is sustainable.

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