Oireachtas Joint and Select Committees
Wednesday, 11 February 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Marc MacSharry (Fianna Fail)
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Professor FitzGerald said he made a mistake in 2008. The ESRI focused on the fiscal area as that was where the expertise was. He said had he looked at the data, he would have known. He also said it would have taken very little expertise to see the impending financial collapse. He mentioned that the Central Bank's economist looked at that data. Did they lack the little expertise Professor FitzGerald feels was required to see the impending collapse?