Oireachtas Joint and Select Committees

Wednesday, 24 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of John Paul PhelanJohn Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

Okay. Vol. 2, page 105, which is a document prepared by yourself for the Tánaiste and Anne Donegan. The second paragraph of that document:

In summary, the OECD is forecasting a growth rate of [around] 3 per cent next year, with a slightly stronger pickup than we have assumed in 2009. However, the language regarding Ireland is somewhat 'sensationalist'; we proposed (on a number of occasions) a number of textual changes but these have not been taken on board. The comments on the property market pre-date the Budget confidence-building measures.

What was the sensationalist language being proposed by the OECD that you were commenting on there, can you recall?

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