Oireachtas Joint and Select Committees

Wednesday, 18 February 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Susan O'KeeffeSusan O'Keeffe (Labour) | Oireachtas source

How did it arise that the IMF, which always did this work - as Dr. Donovan said, analysis of the financial sector always featured in IMF reports - gave us an opinion about Ireland that clearly was not the case? Professor John FitzGerald, when he was here last week, said that while the ESRI also did not look at the financial services sector - he used the words "in or about" - it would actually have been quite easy, had it looked at that sector, to see what there was to see. He did use that terminology - forgive me; I do not have the quote - but he did say it would have been easy. If it would have been easy for the ESRI why was it not easy for the IMF?

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