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

Okay. Moving forward then through to before 2007. In an interview with the Sunday Independentin November 2014, you said:

...competitiveness had certainly been lost for three or four years by 2007 ... Investment in residential property went to 13pc of our national output in 2006. That's about double what it should have been. The share of employment in construction was too high. But the OECD didn't pick it up at the time, and from reading their reports, which I used to do, I didn't pick it up.

The 2003 OECD report said that tax incentives that boost demand in an already overheated residential market should be cut. The 2006 report stated domestic risks were important too, of which the most prominent was the risk of overshooting housing prices, although a soft landing was considered the most likely scenario, a sharper fall could not be ruled out. Did you miss these warnings when you were reading the OECD reports?