Oireachtas Joint and Select Committees

Wednesday, 16 January 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Matters Relating to the Economy: Discussion with Governor of Central Bank

4:20 pm

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

Their best projection is that by 2015 it might have dropped by about 1% to 2%. In the best case scenario, therefore, we are facing chronic mass unemployment for the next three years. If the European Commission is correct and things turn out worse in the domestic economy, it will be worse than that. Does Professor Honohan honestly think that is a serious perspective that offers any hope to the people of this country over the next three years? Does he really think that is the best we can offer as an economic perspective?

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