Oireachtas Joint and Select Committees

Thursday, 27 September 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Fiscal Assessment Report September 2012: Discussion with Irish Fiscal Advisory Council

3:50 pm

Professor John McHale:

Absolutely. In answer to Deputy O'Donnell, getting rid of the guarantee would not help and would possibly hurt.

In terms of pushing out the adjustment for an extra two years, I wish I were able to say that we had such scope at present. I am sorry I keep referring to debt sustainability and creditworthiness, but given these concerns,-----

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