Oireachtas Joint and Select Committees
Wednesday, 23 March 2022
Committee on Budgetary Oversight
Pre-Stability Programme Update Scrutiny (Resumed): Central Bank of Ireland
John Lahart (Dublin South West, Fianna Fail) | Oireachtas source
I am surprised that the witnesses have not really outlined a worst-case scenario, although things are moving quickly. To me, we are into a worst-case scenario in relation to Ukraine. This is not going to end quickly. Its economy has come to a complete standstill. We are not finished with sanctions and we have not fully begun to feel the impact. We have not taken the maximum number or anywhere near the maximum number of refugees from the conflict as yet. Have the witnesses looked at the worst-case scenario where the Ukrainian economy was completely shut and imports of vital, necessary products from Russia and Ukraine were essentially gone? Have they worked out that scenario yet?
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