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

11:00 am

Photo of Dara MurphyDara Murphy (Cork North Central, Fine Gael) | Oireachtas source

The Minister mentioned that there will be a discussion on the broader macroeconomic situation. I am aware that Commissioner Ollie Rehn commented in The Economist magazine last week. We are all aware of procedures for countries in deficit but there are large European Union countries that have moved into excessive surplus and Ireland, as much as any other country, requires European growth. Is there growing pressure in the EU to encourage countries with excessive surpluses, for example Germany, to take measures to improve European growth and growth within its own country?

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