Oireachtas Joint and Select Committees

Wednesday, 24 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Sean BarrettSean Barrett (Independent) | Oireachtas source

Was the definition of competitiveness used when we were talking about competitiveness, too restricted? It seemed to be just the consumer price index and wage claims. Was the property influence on competitiveness, if you take that Deputy Higgins has repeatedly drawn attention here as you know, that the fact that house prices are rising by more than the average annual income in every year, so that must have been reducing Ireland's competitiveness and did that not set off alarm bells in discussions of competitiveness in the Department?

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