Oireachtas Joint and Select Committees

Wednesday, 25 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Mr. Tim Vaughan:

The three points are three separate statements from my opening statement. The first part discusses the point that the coverage in the Irish Examinerreflected the preoccupation of most Irish people at that time. It is as simple as that; I do not mean to say any more than that. Regarding the second part, I think it is widely accepted that our economic miracle, so called at the time, was widely described as such by our own Government and by journals and publications from New York to Shanghai to Beijing. The final part of my statement relates to the widely held belief that everything was rosy at the time - that was the predominant view as the committee has heard before today and again this morning. The numbers of dissenters from that view were few. I do not mean to say anything more than that.

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