Oireachtas Joint and Select Committees

Wednesday, 11 February 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Marc MacSharryMarc MacSharry (Fianna Fail)
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They were asleep on the job. Professor FitzGerald mentioned a couple of times the exchange between his late father, Garret FitzGerald, and Richard Bruton on a post-election programme, what he had asked and so on, and Deputy McGrath mentioned some of this as well.

To what extent did the discourse between political parties and manifestos fuel the problem? Before 2007 some parties were looking for increases of up to 57% in public expenditure, while many of them were talking about abolishing stamp duty, which could have been one of the fiscal tools referred to by Professor FitzGerald.