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

Photo of Peter MathewsPeter 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-----

Comments

No comments

Log in or join to post a public comment.