Oireachtas Joint and Select Committees
Thursday, 11 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Liam O'Reilly:
Well, when I was in Canada I was studying small open economy economics, I wasn't dealing with regulatory economics or regulatory systems. So, I wasn't conscious at that time. All I can say is that I would say that the ranking in Ireland plummeted from what it was in 2006 to where it was in 2009 as a result of the crisis.
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