Oireachtas Joint and Select Committees

Wednesday, 3 May 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Examination of EU Fiscal Rules: TASC

Photo of Rose Conway-WalshRose Conway-Walsh (Mayo, Sinn Fein) | Oireachtas source

We have to remember that the next financial crisis - and we can be absolutely certain that there will be another one - will not be because of what caused the last one. It will be something else. The question for today and for TASC is whether we have enough flexibility within the fiscal rules and EU monetary policy to make the adjustments that will be necessary, because the last time we were trying to fight with our hands behind our back. That has always been the challenge. How can we have a eurozone that meets everyone's needs at the same time when member states are very different in different ways and face different challenges?

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