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:
I am getting better. While there are many risks ahead and we really need to stick to the task in terms of the fiscal adjustment to ensure we finish the job, I do not agree with those who would say that if we do not get very substantial relief, we are done for. That is not the case. Returning to what I stated earlier, the current yields are not factoring in that much relief and that is why the statement from the three Finance Minister did not seem to have much effect on yields. It all is not hinging on that. The better the deal that we can get,-----
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