Central Bank boss warns infrastructure crisis a growing risk to overseas investment

Vasileios Madouros tells TDs housing, transport and education are issues that could threaten growth of multinational sector

Vasileios Madouros: ‘Housing is one dimension. But there are also other dimensions, including transport, of course, and also human capital’

Ireland’s housing crisis and infrastructure problems represent a growing risk to foreign investment, according to a top official at the Central Bank.

Vasileios Madouros, the bank’s deputy governor in charge of monetary and financial stability, told TDs on Wednesday that infrastructure was among the two main risks to Ireland’s ability to attract and retain overseas investment – a sector of the economy worth tens of billions.

Addressing the Oireachtas finance committee, Madouros was asked by ...