Oireachtas Joint and Select Committees

Tuesday, 16 June 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Forthcoming ECOFIN Council: Minister for Finance

6:00 pm

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

I do not think they have. As I said, I am not familiar with the details of the negotiation. When we were involved with the troika, it made certain proposals to us, but we could accept or reject those on taxation. If we did not accept a taxation proposal, we had a obligation to bring forward a proposal of equal fiscal value, whether by way of expenditure cut or an alternative tax increase. That is the negotiating position for all programme countries and it is the same for Greece. That does not take away their sovereign right to set rates of taxation.

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