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
Our economy does not have a hope. I will use an analogy so that people might understand. If I as a human being am an economy with an arm, a leg and another arm, namely, household debt, national debt and corporate debt, and if people are telling me that the national debt is sustainable while ignoring the smashed condition of the household debt and the non-financial corporate debt, this body as an economy does not have the capacity to generate the incomes to repay and repair all of those elements. That is a fact. Please, will you get this message across?
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