Oireachtas Joint and Select Committees

Wednesday, 21 January 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Annual Growth Survey 2015, Alert Mechanism Report 2015 and An Investment Plan for Europe: Discussion

2:30 pm

Mr. John McCarthy:

We will not move into the preventive arm until next year, assuming we correct this year which, in the absence of any shock, I believe we will do. A good deal of clarification is needed from the Commission as to how this is applied but it is something we need to consider in further detail. The communication was only adopted last week so there is still a lot of water to go under the bridge.

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