Oireachtas Joint and Select Committees
Thursday, 3 December 2015
Public Accounts Committee
2014 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2014
Chapter 2 - Government Debt
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2014
Finance Accounts 2014
10:00 am
Patrick O'Donovan (Limerick, Fine Gael)
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In regard to shocks, the country suffered a huge shock when we relied entirely on the construction of houses, selling them to each other, and the stamp duty and everything else surrounding that. How are we insulated now from another property bubble or a collapse of a different kind? What have we done differently or how are we insulated to make sure that if one sector collapses, in the way the house building sector collapsed, that we can prevent that sort of thing happening again?