Ciarán Lynch (Cork South Central, Labour)
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I want to move on to deal with a couple of matters. In Professor Connor's deliberations today he spoke about net foreign borrowings and the proposal that Irish banks should have contained or limited these at that time; I assume that in terms of a recommendation he would be making that going into the future as well. Could Professor Connor explain to the committee how that can happen, given the nature of EU laws and the principles of free movement of labour and capital, and how we could keep other European funds out of the Irish financial institutions?