Oireachtas Joint and Select Committees

Tuesday, 6 December 2016

Committee on Budgetary Oversight

EU Directorate-General Economic and Financial Affairs: Discussion

5:00 pm

Mr. Carlos Martínez Mongay:

First of all, I would not like to comment on any decision taken years ago. Furthermore, I do not think the situation was exactly as the Deputy has described. I would not like to comment and of course, I cannot anticipate what the Commission might say on this matter.

All I know is that we measure the total amount of debt in nominal terms, that is, the ratio of debt to the nominal GDP, according to the treaty and on the basis of EUROSTAT data.

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