Oireachtas Joint and Select Committees
Wednesday, 9 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Alan Gray:
I think I outlined, Chairman - or not Chairman, sorry, Deputy - a number of key factors. I think there was two major international factors that were of critical importance. One was, with the enthusiasm for having a euro, people ignored the design faults in the euro and did not put in place the institutions necessary to make that work, and my view is that that is still the case, unfortunately.
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