Oireachtas Joint and Select Committees

Wednesday, 25 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

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

Dr. Mercille referenced an article in The Economistin 2002, which was followed up in 2003, which said that the Irish market had been displaying bubble-like symptoms in recent years. It calculated that Ireland's property market was overvalued by 42% relative to the average of the previous three years. There were also warnings from some Irish contrarian economists.Around that time The Economistpublished that article, how did the Irish media react to it?

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