Oireachtas Joint and Select Committees
Wednesday, 11 February 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Professor John FitzGerald:
What we did was ask what happens if housing prices fall by 30%. Unemployment goes up, Government tax revenue falls and it might have to raise taxation to plug the gap. We provided that information to the banks. That was in the public domain, but was slightly modified from what we had published. However, that information was essentially published.
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