Oireachtas Joint and Select Committees
Thursday, 10 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Marco Buti:
I appreciate that. I think the, the key challenge for Ireland in the future is not only to grow ... to ... but also to grow steadily and to create wealth and create jobs. I mean, I appreciate also that there is a lag between the recovery coming forward now. Clearly, I mean, I quoted before the figure coming out ... that came out this morning. So now it is pretty vigorous. I think we can start to see the job creation and the unemployment coming down steadily - quite quickly - but there is a lag in perception. I think when we come to our responsibility here to ... of surveillance at the EU level, in particular the Commission, we are going certainly in the future to look more to the composition of growth. What is comforting from the latest figures for growth in Ireland is that if one looks at the composition, there is a strong component of investment, and investment helps not only in the short term but also, provided that is not misallocation of capital, it also improves the ... let's say, the situation looking forward, because it adds to potential growth. So I am overall consciously but definitely optimistic about the policy and the economic predicament for Ireland in the future.
No comments