Oireachtas Joint and Select Committees
Wednesday, 17 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
I ... I'll simplify the question. I'll simplify the question. Was the percentage of the Irish economy that was into the property sector and the direct and indirect relationships that it had, both in terms of the ... it ... it's sheer size, 25% - consumption taxes and other things come with it - did that have an influence or any bearing in terms of how that sector would be actually addressed? I think you used the word earlier, I think that ... when you're into something, how do you get out of it afterwards? Were you in so deep into property that it became impossible to extrapolate yourself out of it?
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