Oireachtas Joint and Select Committees
Wednesday, 13 November 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Forthcoming ECOFIN Council: Discussion with Minister for Finance
10:50 am
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
Deputy Doherty has made the point that we were told the same at our meeting with the troika, that it was very unlikely we would get it. That is what we were told. To my mind, that is a very big problem for us. With the mountain of debt we have, the so-called exit from the bailout is a mirage. I ask the Minister for clarification. I ask if I am correct in assuming that under the fiscal treaty, as soon as we exit this programme, we have to start to move towards the debt and deficit reduction targets of the fiscal treaty and these are pretty stringent.
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