Oireachtas Joint and Select Committees
Wednesday, 24 April 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Fiscal Assessment Report 2013: Discussion with Irish Fiscal Advisory Council
4:10 pm
Stephen Donnelly (Wicklow, Independent) | Oireachtas source
Am I correct that what Professor McHale is saying is that while obviously we will try to remain within the targets, should we miss them the optics for the international money markets are such that this would drive up bond yields, because, since we are rolling over our debt, the borrowing cost in that regard would increase and that increase in quantitative and qualitative terms would be more detrimental than the potential benefits of a €5 billion stimulus package?
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