Oireachtas Joint and Select Committees

Tuesday, 10 February 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

ECOFIN Briefings: Minister for Finance

6:30 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

As must other member states, including Ireland, which at ECOFIN decided time and again that this was the type of programme that would be foisted on Greece which was put in a corner and running out of money. It was about loading €240 billion of debt onto the economy. I do not think any economist believes - the Minister can ask the economist sitting beside him - Greece can pay back that debt. I have not heard one economist argue that point.

I would like to move on to discuss the ECOFIN meeting and the investment plan which will be co-funded from our own resources. Is that correct?

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