Oireachtas Joint and Select Committees
Thursday, 10 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Sean Barrett (Independent) | Oireachtas source
In your international experience, we examined here an interface between finance and construction, the two sectors at the core of our problem, where a house price went from two and a half times average income to about 12. Is the problem short-term finance for a long-term asset or how ... what kind of ratios would you expect in some of the other countries you've examined?
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