Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Quantitative Easing: Discussion

2:00 pm

Photo of Peadar TóibínPeadar Tóibín (Meath West, Sinn Fein) | Oireachtas source

Most economists I have heard discuss the Greek crisis have been of the view that Greece's debt is unsustainable and it is necessary, therefore, for there to be a write-down of that debt to make it sustainable for the economy to function, yet the EU appears to be pushing Greece into accepting a deal that does not include a write-down. Is it a mistake on the part of the EU to push Greece into a deal that everybody agrees cannot work?

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