Oireachtas Joint and Select Committees
Wednesday, 17 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source
Thank you, Chair, and thank you, Mr. Doyle. So, a few brief questions following on from your earlier evidence today. You said earlier on that accepting the consensus view of the soft landing was a mistake. But were you not a part of formulating that consensus view ... in that language soft landing? Because we heard in evidence from Tom O'Connell about the 2007 financial stability report which talked about favouring a soft landing over a hard landing. Professor Honohan told us that there was no evidence in that report and there is none to back up that assertion and Mr. O'Connell told us that that language came from the board, which you sat on at the time. Do you remember that conversation about putting that language into the document?
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