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
Richard 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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