Kieran O'Donnell (Limerick City, Fine Gael)
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Mr. McCarthy, in 2005-06, the Minister was advised that the country was, depending ... the Minister for Finance ... depending on unsustainable tax revenues. How robustly was the Minister challenged on the tax and spending policies implemented, and what contingency plans were put in place by the Department to deal with the problems which were envisaged? And I note you've made references to it already. You prepared a report in May 2005 around the whole issue of housing where you looked at 10,000 decline and the impact that would have. If you would just answer the question in that context and did you look at worst-case and best-case scenarios rather than just looking at incrementals of 10,000 units?