Oireachtas Joint and Select Committees

Wednesday, 1 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Sean BarrettSean Barrett (Independent) | Oireachtas source

Okay, thank you for that. The Regling and Watson evidence book has that after 2004, the IMF, the OECD and ECOFIN all clearly recommended a tighter fiscal stance and the building up of a cushion for the time when the income from the property-related transactions would fall. Why, in your opinion, were these recommendations not more forcefully highlighted in policy?

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