Oireachtas Joint and Select Committees
Wednesday, 28 January 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Marc MacSharry (Fianna Fail)
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I appreciate the professor's limited knowledge of the domestic situation here. Considering the nature of the EMU, and his research writings in 2006 which were specific to the preparedness, readiness or lack of it for a banking crisis, for a small open economy like Ireland, was it possible to prevent or adequately navigate the crisis once it hit in 2008, considering what the professor wrote of the circumstances?