Oireachtas Joint and Select Committees

Thursday, 10 May 2018

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

Banking Sector: Quarterly Engagement with the Central Bank of Ireland

9:30 am

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein) | Oireachtas source

I wonder how much we are losing in all of this and the choices - the witness mentioned "compared to what" earlier - instead of giving these tax breaks and incentives. I believe there is a threat there in terms of us losing control over our property market. There is all of this activity but there is little to back it up, and we have little control over it. For me, it is just adding to what the external shocks and threats might be in the future. Professor Lane's report was very interesting, but it made me recall the time we heard that there would definitely be a soft landing. Then there would be a whispered "bar an external shock". We know what happened when we got the external shock and we did not have control over many of these things.

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