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I warned about EU economic disparities

NO, Mr Nyberg. I did not cause the banking collapse. At the inception of the euro I spoke out against the incongruity of linking disparate economies.

Throughout the Celtic Tiger years, I was in favour of counter-cyclical fiscal policies and government expenditure. About 14 years ago, I even implored the late Seamus Brennan to cease the madness of property taxation schemes, such as 'Section 23' relief.

Perhaps, in simple terms, Mr Nyberg could once again explain how I caused the banking collapse.

Brendan Chapman

Booterstown, Co Dublin