Oireachtas Joint and Select Committees

Wednesday, 25 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Mr. Tim Vaughan:

It is not so much that it was deferential. As I said at the end of my opening statement, there is an alignment of what would have been perceived as authority from all of those institutions, including the IMF. If the IMF, which has vast experience of looking at economic booms and busts over the years, gave us a clean bill of health in 2006 and 2007, I find it difficult to see how the Deputy could validly or effectively challenge that. If, in addition to the IMF, one includes the ESRI, the Central Bank, the ECB and the European Commission, it is difficult to see how any newspaper, especially a general newspaper such as ours, in which we give more coverage to sport than to business, can effectively challenge that.

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