Oireachtas Joint and Select Committees
Tuesday, 6 December 2016
Committee on Budgetary Oversight
EU Directorate-General Economic and Financial Affairs: Discussion
5:00 pm
Tommy Broughan (Dublin Bay North, Independent) | Oireachtas source
What, however, if that monetary policy, which may suit the Benelux and Germany best, is destroying the industrial base of Italy, the second industrial power in Europe, as Italian politicians have been saying, or destroying large tranches of Greece's economy in the process? Are the alert mechanism reports picking this up? Will those reports include Brexit and its uncertainty? It will affect Ireland more than other country and it should come into the imbalance scorecard. Other states, such as Portugal, Greece and Italy, have specific circumstances which should give them more leeway in the fiscal rules.
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