Eoghan Murphy (Dublin South East, Fine Gael)
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Thank you, Chair. Mr. Nyberg is very welcome. I would like to pick up on the point of a paradigm of efficient markets. In his report Mr. Nyberg states this "throws light on why most international institutions, foreign analysts, rating agencies, lenders, authorities and commentators were as relaxed about Irish developments as people in Ireland themselves". Does this absolve these institutions?