Oireachtas Joint and Select Committees
Wednesday, 17 October 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
2013 Allocations for Public Expenditure - Finance Vote Group: Discussion with Minister for Finance
3:05 pm
Peter Mathews (Dublin South, Fine Gael) | Oireachtas source
Today and tomorrow, the main imperative is to address Chancellor Merkel and the leaders of those countries that will remain the economically strongest until their household debt and non-financial debt drifts into sovereign debt, as could happen with Deutsche Bank. The acclaimed professor of finance at MIT, Professor Simon Johnson, has examined this situation and believes it is at tipping point. At €2.2 trillion, Deutsche Bank accounts for 80% of Germany's GDP, its balance sheet. Some 12 months ago, I made the point that Ireland-----
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