Michael D'Arcy (Fine Gael)
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Yes, Chairman. Mr. Considine, I'm not saying with the benefit of hindsight. FSR report after FSR report clearly itemised the level of personal indebtedness for the citizens was increasing. Start from the low level, move up to European average, surpass the European average, and then the people of this country became the most indebted in Europe.

Not with the benefit of hindsight, why was there not actions taken to deal with the level of indebtedness of which you are a member of the board? The Chairman has touched upon that. That's certain - I won't use surely - that could have been a stability concern for the board of the Central Bank of which we've discussed previously there were powers available to do something about it but those powers were unused.