Oireachtas Joint and Select Committees

Thursday, 2 April 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

My final question relates to Ms Hunt's opening statement. On the first page, underneath "OVERVIEW OF THE IRISH CRE MARKET", Ms Hunt states, "In Ireland's case, in the period up to 2008, these three distinct elements effectively merged ...". I am wondering what the significance of the three pieces coming together means for the property market in terms of a change and the dangers associated with that.

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