Eamon Ryan (Dublin South, Green Party)

To take a broader perspective, what has occurred in the past decade is that there have been massive efficiencies in China and India which started to produce our goods for us at a fraction of the cost. This brought down inflation across the developed western world which, in turn, allowed central banks to lower interest rates, not just here but also in America, Britain and elsewhere. This led to easy lending — indeed bad lending — coupled with speculative greed and property crises in——

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