Oireachtas Joint and Select Committees

Thursday, 5 December 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Fiscal Assessment Report November 2013: Discussion with Irish Fiscal Advisory Council

2:45 pm

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

We have €20 billion in reserve. Is that not a significant insurance policy? Are our guests not pleasantly and agreeably surprised by the markets' reaction to the announcement by the Government? As Klaus Regling, managing director of the ESM, indicated as recently as yesterday, the Government's decision was the right one.

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