Oireachtas Joint and Select Committees

Wednesday, 15 July 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Latest Eurozone Developments and Future Implications for Euro Currency: Discussion

2:30 pm

Photo of Pat RabbittePat Rabbitte (Dublin South West, Labour) | Oireachtas source

I thank the witnesses for attending. We have had a very long term and the buckets and spades are in the back of the car. We did not need to be sent away in the mood they have induced. They have given a very baleful assessment - although being baleful is not a reason not to analyse it. However, the commentary amounts to an indictment of how the Union does its business today and secondarily an indictment of the creation of the euro project within that Union. How do we deal with this situation? It can be dealt with along the lines suggested by Deputy Boyd Barrett and one is likely to end up like St. Ruth at the Battle of Aughrim when he put up his head and got it shot off. So I do not think that is a solution.

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