Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

My comments were in the context of the domestic economy. The core of unemployment is found in the small to medium-sized enterprise, SME, sector. As spending power decreases, SMEs' revenues are affected. I understand the macro situation in terms of Ireland Inc., but I am considering the profile of those who are unemployed. Many used to work in construction, but a cohort are from the SME sector, which relies on spending power in the domestic economy. A rising tide lifts all boats and it is a question of making balanced choices. If the debt reduced to sustainable levels, we could have the freedom to push its repayments out further if that option were available to us.