Oireachtas Joint and Select Committees

Thursday, 10 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

And finally - because part of the work of this inquiry is not just about looking at the past but also looking into the future and making recommendations, whereby, to the best of our ability, we don't have this type of crisis revisited upon us, as a country and as citizens, again - in the European Commission's ex post evaluation of Ireland's bailout programme, it is stated that substantial fiscal consolidation efforts still need to be made in the post-programme period. And, in your opinion ... and there of kind of two key points here: what are the critical targets, being the one first, that should be set; and what are the principal measures, being the second one, still to be taken?

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