Oireachtas Joint and Select Committees

Wednesday, 22 November 2023

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

General Scheme of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2023: Discussion

Mr. John McCarthy:

On that point, the legal issues are legal but there are also reputational issues. Mr. McEvoy can speak more about this if needed. At the moment, all the credit rating agencies and market participants are saying this is a really good thing and a positive. It is a reason borrowing costs in Ireland are low. If a Government decided to work against that, there would be a reputational hit and higher borrowing costs. There would be a negative spillover to reputation.

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