Oireachtas Joint and Select Committees
Thursday, 10 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Marco Buti:
I think Ireland is in a much stronger position than it was during ... obviously, during the programme. It was in a much stronger position than it was before the programme ... the programme started and, even, I think I would say, even before the financial crisis erupted. Now, the job is not done. I mean, there are still challenges. I mean, we ... for instance, we have a post-programme surveillance which extends in the future - it's going to last, actually, for quite a long time - and we still have important challenges. I mean, the first one is public debt is very high. It has to be brought down in a gradual manner. I don't think that there is a risk, frankly, at this stage of Ireland having to --- having a relapse and going back to a programme. Clearly, we are going to continue to monitor very closely Ireland, as we do with all the other countries - and particularly those that have undergone such a huge adjustment - to make sure that there is good behaviour in the future.
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