Oireachtas Joint and Select Committees
Wednesday, 24 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Ciarán Lynch (Cork South Central, Labour)
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And, any realisation between that the Irish economy was 24% into construction, and this was twice above the European norm, that an impact upon construction in this country would be twice what it would be in the European norm, and you were looking at the European norm as your template with regard to the hard and soft landings. So, was that not a bit of an incongruence that construction in this country was twice above what it was in the European norm, but you were looking at European norm models instead of landings?