Dáil debates
Wednesday, 11 May 2011
Jobs Initiative 2011: Statements (Resumed)
4:00 pm
Peter 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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