Oireachtas Joint and Select Committees

Thursday, 23 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Joe O'Reilly:

Yes, well, not trying to avoid your question but some of this all relates back to if house prices .. if people have to pay more houses ... or a higher price for houses, well, they're going to have to have a higher salary and there's a point at which the ... and it did happen, the competitiveness factor of our country becomes into question. So, of course, anybody would have to have concerns about that. And there was quite a debate about that, so you know, we're not in business for making a quick buck and disappearing. We've been in it for the last 30 years. I'm hoping that we'll have an opportunity to be in it for I don't know how many more years but certainly, certainly I'd like to think another ten, 20 years. So, like, this is ... the idea of the market going up and down, and experiencing what we've experienced over the last six and a half years, or experiencing what the country, and the pain and the damage that has been done to the country, that's not what we want. We want to be in a business that the curve is certainly on a gradual basis, not peaking and troughing.

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