Oireachtas Joint and Select Committees
Wednesday, 11 February 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Joe Higgins (Dublin West, Socialist Party) | Oireachtas source
Is it possible that during the pre-crisis period that the professor and the ESRI reports were fixated on workers' wages and wage restraint? In the 2005 medium-term review wages were mentioned 86 times, mostly demanding wage restraint. At the same time, was he silent on the massive increase in profiteering within the housing industry and the huge burden that was placed on the same workers to try to buy a home and meet the mortgage payments?
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