Oireachtas Joint and Select Committees

Thursday, 8 May 2014

Public Accounts Committee

2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2012
Chapter 2 - Government Debt
Finance Accounts 2012

1:25 pm

Mr. John Moran:

That is appropriate, but it is equally important to remember that the impact of some of those decisions has also helped with the restoration of stability in Ireland, the view of the sovereign and the cost of borrowing. The Greek cost of borrowing today is not the same as the Irish cost because we had a different resolution at an earlier stage. We also received a benefit, not just in the cost of the Irish sovereign’s borrowing, but in the cost of borrowing for semi-States and banks, which is passed on to SMEs.

I might ask Mr. Hogan to mention some of the-----

Comments

No comments

Log in or join to post a public comment.