Oireachtas Joint and Select Committees
Wednesday, 29 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Alan Merriman:
No, and, again, I was interested in seeing some of the commentary from earlier sessions about growth and what is good growth and what is bad growth and is 10% okay or is 15% bad or should it only be 5% and tie it to GDP. My simple answer to your question would be, you know, of course you can have high-teen growth or mid-twenty growth across the market and all participants can enjoy that if the market itself is growing in sync with that. If the market is not growing and people are trying to get 5%, 10%, 15% growth, there is going to be winners and losers. But if the market as a whole is growing then that can be accommodated and it is very driven by where you are in the cycle and what is going on in the market at that point in time.
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