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

I am zoning in on meeting our targets. Earlier the Minister mentioned inflation and I wish to follow up on what Deputy Donnelly stated. Between now and 2018 inflation will be below the 2% target to which the Minister referred. Does he anticipate that the ECB will do something to deal with inflation? How near are we to deflation? I am focusing on nominal GDP growth with built-in inflation. I am glad GNP is coming back in line because we have not had acknowledgement from Europe on how the economy has been doing because of the patent cliffs.