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 Michael NoonanMichael Noonan (Limerick City, Fine Gael) | Oireachtas source

The Government has not made a decision to that effect. There are circumstances in which measures may be conceded to Greece or designed for Greece which would run to our disadvantage. For example, any indication that our debt is not sustainable could run against our best interests. This morning we were getting ten-year money on the secondary market at 1.20%, while the rate on Greek ten-year debt was 10.67%. We are not in the same space.

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