Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

And can I just round off one aspect of that and I propose we just take a five minute comfort break then after which. Just one matter I just want to deal with in general with regards to Mr. Cowen's testimony and then just an item that comes back to your earlier comment there, Mr. Ahern. In a statement to the banking inquiry, Brian Cowen discussed the announcement of the restructuring of tax incentives to the end of 2005 stating:

This decision did not gain favour with many interested parties in the property market. It also represented a decisive policy shift, because over a long period, successive Governments since 1985 had added more new property incentives rather than engage in wholesale abolition of existing incentives..

Would you interpret this remark as a criticism of your role in Government over the proceeding years?

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