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

The proposition there, Mr. Buti, that I am saying is that there's no question that people saw significant drops in their incomes and so forth. Your proposition is that they were the ones that seemed to have picked the ... or been impacted upon the hardest. But in contrast to people who were not working whatsoever, who had lost their jobs, 24% of the Irish economy was in construction. Thousands upon thousands of those people lost their jobs and had to go on social welfare. Would you say that it was those that remained - and by your proposition it would imply - that those who remained in employment were the ones that were actually impacted most in that age category as opposed to people who actually were reliant upon social welfare?

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