Dáil debates

Wednesday, 11 May 2011

Jobs Initiative 2011: Statements (Resumed)

 

4:00 pm

Photo of Peter MathewsPeter Mathews (Dublin South, Fine Gael)

It will be short. A stimulus package of €75 billion, in loan write-downs of approximately 25% to 30% for households and businesses, could be cascaded back to them. This gigantic stimulus to the economy would produce at least 5% growth in GDP, equating to a figure of €7 billion, which would counterbalance the sum of €18 billion.

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