Oireachtas Joint and Select Committees
Thursday, 2 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source
In paragraph 82 of your opening statement you said that you believed there would a softer landing for the economy if the unprecedented global financial collapse had not happened. But you say, "but the overvaluation of properties and related vulnerabilities within [the] banks put Ireland in a weaker position when we had to face the global crisis". Did any Government policies on the budgetary or fiscal side put us in a weaker position when we had to face the global crisis?
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