Oireachtas Joint and Select Committees

Friday, 9 November 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Pre-Budget Submissions: Discussion with Civic Society Representatives

11:35 am

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

Mr. McCafferty made an interesting point on the debt issue and I ask him to elaborate. Suggesting that we should not prioritise debt interest payments over these things could lead one in a certain direction if that became the choice. I would argue that probably is the choice when one considers the €9 billion of debt interest we need to pay next year. How far would Mr. McCafferty take that logic? For our part we would recommend repudiating if necessary. Would Mr. McCafferty go that far?

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