Bernard Durkan (Kildare North, Fine Gael) | Oireachtas source

Do we need to continually closely monitor our borrowing capacity as opposed to borrowing? I am mindful of the things that have happened in the past when we arrived at a situation where we had no borrowing capacity and nobody would lend to us because we had no credit. I do not blame anybody for that but it happened and very suddenly. To what degree does Dr. McDonnell think that could happen again and what might be the contributing factors?