Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

Now, because there was four points on this, and I think it's important that we establish on the record, again, the findings. Paragraph 75 of your opening statement, you agree with the conclusions of Regling and Watson regarding the banking system, but do you also agree with the report's conclusions regarding fiscal policy? The conclusion of this is on page 25 of their report, "The conclusion is that overall fiscal policies were pro-cyclical during most years up to, and including particularly, 2007 thus adding markedly to the overheating of the economy."