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
It's a different question to the one I didn't ask. But, just again, staying with the Wright report, on page 48, Mr. Wright's talking about the monetary union and what impact that will have on fiscal policy, or what it should have, and he says, "Ireland failed this test of prudent fiscal management." And in your own opening statement, in paragraph 68, you say there was a failure to adopt policies to reflect the realities of membership of the euro. So, do you accept that there was a ... that we failed the test of prudent fiscal management?
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