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

My time is very short now and I have just one more question that I want to get in. Really what I'm asking you, Mr. McCarthy, is, there's very little evidence, from looking at other countries in particular, whether in the European Union or outside of it, to support the soft-landing scenario, and yet ... and I'm talking about the value soft landing scenario, not the reduction in units produced. What evidence did you gather from looking at other countries to support the soft-landing scenario or was there any analytical work done to gather that evidence?

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