Joan Burton

I think we just need to be very honest about it.

I think at the time of the last crash, there was really a lot of la-la land where people thought everything must be OK.

It just can't go down.

It can.

And it wasn't.

Well, your bank manager always seemed to wear a lovely navy blue suit of some kind and look great.

And the inside of the banks all looked great.

But, you know, once the trouble broke out, there weren't that many people there who were in a position to actually salvage the thing.

And that's really what happened.

Oh, I think there's a large memory in Ireland of what happened and people don't want to see that happening again.

You know, again, you're talking about younger people now.

They're going to want to do things and take risks and...

You know, it's OK for people to take some risks, but they need to be aware that the cost of money can be very high.

And if you want to borrow money, you need to have a pathway to repaying it because one day the banks will call and you have to repay.

I think the kind of, if you like, the warning thing is that we've had the warning and we've experienced the crash.

And I would imagine that almost anybody involved in business is conscious of that.

that what looks fantastic can change.

And you just have to be ready for that and also to be careful about how you spend money.

And that's a rule in business.

So you just have to do that just as you have to, you know, a family has to do it in their ordinary life, try and guard the money so that they have it for the things that really matter.