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
4:00 pm
Dr. Donal Donovan:
It becomes a discussion on the benefits to our European partners of giving us a deal and the costs to them if they do not. One can go through all of these factors. I hate to sound pragmatic, but this is the way in which one should always approach these issues.
As to debt sustainability, the figure of 120% is high and is even higher in GNP terms. It is the second highest after Greece.
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