Oireachtas Joint and Select Committees
Wednesday, 1 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
Right, okay. Looking back at it now, given that a lot of these figures were based upon the construction sector, incomes coming from consumption taxes, a lot of them construction-related, so you'd have the VAT on a house being constructed, you'd have white goods that would come afterwards, carpets and all the rest of it, and 24% of the Irish economy and the construction sector employment levels inside there and all the net cost that would come with that. How do you view that advice now in terms of what actually happened subsequently?
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