Let's have facts on how the crisis was handled
The Government is contemplating the establishment of a "high-powered" Oireachtas inquiry into the origins of the banking and economic disaster.
This idea deserves, at best, only a cautious and qualified welcome. In the first place, such an inquiry probably cannot take place for at least a year. Before that happens, we will have to have a referendum to overturn a Supreme Court judgment which limited the powers of Oireachtas committees. We also await referendums on children's rights and on the abolition of the Seanad.
Secondly, we have to ask what are our chances of arriving at the truth. Three reports on the subject have been published, but we still do not know who said what to whom on such and such a date and what were the consequences.