Oireachtas Joint and Select Committees
Thursday, 10 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
Okay. Finally, and you can add any further comments you wish to this in terms of looking ... going into the future or in terms of recommendations, Mr. Buti, but in the European Commission's ex-postevaluation of Ireland's bailout programme, it is stated that while the burden of fiscal adjustment was shared quite widely, overall it was the younger generations who were hit harder by the crisis. And I think there has been some noting in there that while people may not have become unemployed they would have maybe lost their jobs or they would have less income ... not in terms of losing the job, but would have had less incomes and more outgoings to meet. Could I maybe ask you to please elaborate on this evaluation with particular reference to those in receipt of social welfare income versus those on earned income, however?
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