Paul Murphy (Dublin South West, Socialist Party) | Oireachtas source

My questions are focussed on the European investment plan. In regard to the global figures, obviously, there is a great deal of criticism of the fact that there is no new money in that the €8 billion, multiplied by two, for existing projects and €5 billion from the EIB, is being leveraged up until the figure of €315 billion is reached. Is this a serious weakness in terms of the investment plan? The focus on investment is welcome. This was absent from the mainstream analysis of the crisis up until a couple of years ago. However, does this plan really address the problem if no new money is being invested in it?