Oireachtas Joint and Select Committees

Wednesday, 25 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Dr. Julien Mercille:

Usually when there is an economic disturbance, people at the bottom will suffer more because they have less to start with, but, if for the next eight years they benefit, then that is not to say that it is a magic solution at all. There are costs but it is more about the positive impacts after that.