Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Mr. Vaughan referred to a general consensus about how Ireland was viewed at the time in terms of the Celtic tiger. I reviewed the various articles Mr. Vaughan gave us copies of from 1999 to 2012. Many of the articles and editorials from 1999 up to mid 2007 are very cautionary in tone and refer to concern for property investors. In June 2004, it was stated that a property bubble was a danger to all. In May 2007, there was an editorial with the headline, "Construction worries - Housing fear may be well founded". On 8 July the title of the editorial was "Property dilemma - House prices prediction is a real worry". One editorial, on 7 August 2007, seems to be out of context. The headline is "Property market - Soft landing to cushion fall in prices" and the editorial finishes by stating:

The demographic trend, with the great influx of people from abroad, has underpinned the need for extra housing, and the Government has taken realistic steps to assist affordability with the increase in mortgage interest relief. These factors would suggest the desired soft landing in relation to property prices.

As editor, this is Mr. Vaughan's domain. Where did this editorial come from? It appears to be out of step with what came previously.