Marc MacSharry (Fianna Fail) | Oireachtas source

You said, in the opening statement:

I very much concur with the conclusions drawn by most witnesses that appeared before [the] committee. The post-2007 economic and financial crisis in Ireland was domestically generated. Its roots were not only in the banking sector, but also in pre-crisis fiscal policy making.

You said, in your opening statement, that you believe that Ireland's crisis was domestically generated. Do you agree with Professor Paul Krugman's following statement:

The truth [in] [...] the story is mostly monetary. By introducing a single currency without the institutions needed to make that currency work, Europe effectively reinvented the defects of the gold standard[s] - defects that played a major role in causing and perpetuating the Great Depression.