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:

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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