Oireachtas Joint and Select Committees

Thursday, 26 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

In the conclusion of his article he wrote:

In fact, the economy itself looks in fine shape. Foreign investment seems to have grown by 10pc last year. Exports have picked up after three years in the doldrums. Booming. The services and financial sectors are booming, and not all of it is based on property. What we have is not a crisis, but a big challenge of economic management and adjustment.

In regard to Morgan Kelly, he wrote that it was not impossible but we know anything is possible. I have another question about the piece which is relevant to how it was presented. It included a major cartoon with the punchline of "loose lips sink booms". The cartoon depicted three people wearing gags, with the phrases "doom and gloom" and "economists' meeting" underneath them. Does Mr. O'Regan think the placement of that cartoon was a reflection on Morgan Kelly's analysis of the Irish economy, with which Brendan Keenan clearly disagreed given his comments in the article?

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