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:
I will try to address those points. The Senator made a very valid point about house prices. I stress that the scoreboard is backward looking and only based on data from 2013. I strongly suspect that when the Commission engages in this exercise next year, the indicator for Ireland will be flashing red because, in all likelihood, we will be above the threshold.
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