Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

If I can just deal with one matter briefly with you before I bring in the next questioner who is Senator O'Keeffe. In an analysis paper you prepared in 2004 - it's coming up on the screen now, Mr. Doyle - it was estimated that a decline in housing output of 10,000 units would cost the Government €500 million in lost revenue. Despite warning that the current level of housing output was unsustainable at that time, no policy or strategy was proposed to deal with such a scenario." So can I ask you was this, in your opinion, a reason for the Government to be very reluctant with measures to cool down the property market?