Oireachtas Joint and Select Committees
Wednesday, 1 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source
Okay, let us accept that on the Commission side. The Central Bank pre-budget letters, the pre-budget letter in 2000 - this is coming in at the end of 2000 for 2001- talks about commercial property prices as a source of concern, this is page 83 in Vol. 2, it warns about competitiveness in the economy and the heightened "risk of a hard landing for the economy", because of decisions taken. So you're getting this from the Central Bank as well.
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