Dr. Se?n Healy:

We proposed an idea about how to deal with the longer-term danger. I agree there is not a danger immediately. There is provision for €3.8 billion for servicing the national debt in the budget for 2023. We can handle that and we are doing okay on that space. What we have argued for and been proposing for a while is that to minimise future debt financing challenges and to avoid the adoption of austerity measures in the years to come, the Government should prioritise the development of a European-wide debt warehousing strategy for the additional debt brought on by the pandemic.