Oireachtas Joint and Select Committees

Wednesday, 1 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Okay. And I'm going to wrap up and then invite both Deputy Doherty and Deputy Murphy to come in and it's on that very point, as to what the essence of a liberal is, and on your earlier engagement with Deputy Higgins about the free market and so forth is where I maybe would like to begin the wrap-up. I maybe put the question to you, Mr. McCreevy, and it comes back to my earlier engagement with you today that was demonstrating the residential house prices and the period in which the Bacon report was most active and how that was actually playing out in the market. So, could I maybe begin by putting a question to you? Is the property market entirely free and neutral, given that when tax interventions take place, they do have an impact in the market in one capacity or another?

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