Oireachtas Joint and Select Committees

Wednesday, 25 February 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Professor Gregory Connor:

I accept that, but he had an earlier question about economists. I agree that it was wrong. Economists should have spoken more forthrightly. Despite the fact that they agreed with the political enthusiasm, they should for example have said "Keep in mind, there is some serious economic risk with bringing Greece into the euro". As we now know, it was a massive error. That is related.