Oireachtas Joint and Select Committees

Wednesday, 25 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Dr. Julien Mercille:

That is not how one analyses the political economy of a country. Reports of people running around after cows is not serious analysis. Argentina grew by approximately 8% every year for eight years. Even half that level of growth in Ireland would ensure re-election of the party in government for the next 20 years. People would be very happy. That is not to suggest that because that is what happened in Argentina, the same would happen in Ireland. However, the issue should at least be on the table for discussion.

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