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

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

There is a socialisation of risk and privatisation of resources. In terms of dead-weight, how do the Commission and EIB know that these people would not have invested and risked their own money in any case? In other words, the investors, because of the public offering in the form of the Commission and the EIB, now propose to take the risk on and allow the public to take the risk in what they would have invested in any case.

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