Susan O'Keeffe (Labour) | Oireachtas source

Thank you, Chair. Mr. Moran, in your statement, you say:

the sad reality was that the acute lack of fiscal capacity at Government level removed flexibility in easing the impact of the problems. The fiscal rectitude we are experiencing since was a necessary result of the terrible and perilous structure of Ireland's fiscal profit and loss.

Now, I know you have discussed this to some extent. But what would you say ... do you believe we've passed that point or are we still in a case of an acute lack of fiscal capacity?