Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

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

Immediately after that decision was taken in Europe with the Minister, commentators at the time predicted that a wall of money would hit the Irish economy immediately following that decision. And then there was immediately a push for a fall in interest rates. So what did your Government do to protect the economy and people from this wall of money that was about to hit the Irish economy?

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