Oireachtas Joint and Select Committees

Thursday, 6 October 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Rising Costs of Motor Insurance: Discussion (Resumed)

10:00 am

Dr. Cyril Roux:

Yes, easily. That is not to say we would ever think of aligning Central Bank pay with private sector pay. People who work for the public good will be paid less and that is as true today as it will be tomorrow, whatever the situation.

That is a choice people make, but there is a point at which people come to us and say that their spouse or children do not understand. Why would I deprive myself of a better life if I have an offer that means I will be paid 50% more? At some point people just leave. That is reasonable. People build their lives.

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