Oireachtas Joint and Select Committees

Wednesday, 22 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of John Paul PhelanJohn Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

Okay. Well, can I then just maybe turn to the issue of groupthink, which was mentioned in several of the reports that have been referenced already. I'm being Devil's advocate slightly, Chairman - I'm sure that you'll correct me if I'm wrong - but for those who might look from the outside at your evidence today, you were two key players at different times in the social partnership process. And with regard to your terminology - your use of language - there might be some marked difference but in terms of your economic outlooks, representing employers and trade unions, there doesn't appear to be the width of a sheet of paper between your views. And you referenced - and, in particular, Mr. Dunne referenced - external and internal organisations and bodies that were talking about the soft landing. Is that not just a classic example that you were part of this groupthink that took over?

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