Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Tom Considine:

I'd say, you know, Dublin is obviously a small place and I'd say that the forecasters are fairly regularly in contact with each other. So it would be a bit naive to claim that, you know ... you'd be unlikely to produce a forecast if you were in the Department of Finance without knowing what, you know, the ERSI and the Central Bank and various other people ... indeed, not alone that, but we published it in the budget statement every year, I think, while ... certainly in a number of years ... and we said "Here's what our forecast is, here's what the other ones are". And in one year we actually compared how the forecasts worked out over time. So, you know, there would've been-----

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