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

Was the definition of competitiveness - and you have that on page 3 of your written address - was it inadequate in that the very rapid rise in house prices was not really reflected in the consumer price index so that houses were getting from two and a half times incomes up to ten times incomes and ... and there was nothing to restrain that, in the interest of competitiveness?

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