Oireachtas Joint and Select Committees

Thursday, 11 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Susan O'KeeffeSusan O'Keeffe (Labour) | Oireachtas source

Thanks, Chair. After 2004, when the IMF and the OECD and ECOFIN all clearly recommended a tighter fiscal stance and the building up of a cushion for the time when income from property-related transactions would fall, can you say why, in your view, the Central Bank's recommendations to the Minister didn't more forcefully alert this particular issue?

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