Oireachtas Joint and Select Committees

Wednesday, 11 February 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Marc MacSharryMarc MacSharry (Fianna Fail) | Oireachtas source

Professor FitzGerald said he made a mistake in 2008. The ESRI focused on the fiscal area as that was where the expertise was. He said had he looked at the data, he would have known. He also said it would have taken very little expertise to see the impending financial collapse. He mentioned that the Central Bank's economist looked at that data. Did they lack the little expertise Professor FitzGerald feels was required to see the impending collapse?

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