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 MartÃnez Mongay:
All the countries are repaying the debt in the sense that they are able to repay it as soon as it must be paid. In examining debt sustainability, we examine the relative weight of nominal debt compared to GDP. In some cases the nominal debt decreases faster or, in other words, increases by less than the nominal deficit, so-----
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