Oireachtas Joint and Select Committees

Thursday, 10 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Marco Buti:

Look, this, okay, this is the assessment of the ex-postevaluation ... by the way is an independent ... even though we think the Commission is an independent ex-postevaluation I think that statement is largely ... that assessment is largely correct.

I think that statement is largely ... that assessment is largely correct. It is ... we ... I mean, the system and the Irish economy had to undergo a dramatic change in model of development and the shedding ... the very large shedding of labour in the construction sector led to that type of impact and those ... that ... so young adults, males maybe in particular, suffered more than other parts of the population. I think that's a fair ... it's a fair assessment. With the hope is also now that with growth coming back that there will be also within the labour force those who will benefit more from the revival of growth in the present circumstances and in the future.

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