Oireachtas Joint and Select Committees

Wednesday, 15 October 2025

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

Scrutiny of EU Legislative Proposals

2:00 am

Photo of Shay BrennanShay Brennan (Dublin Rathdown, Fianna Fail)

Sovereigns default all the time. I will go further on what the Chair asked. The tone is quite optimistic that no one is going to default.

Have any scenarios been run, like actuarial scenarios? If a bank is to lend you money, it is going to do its due diligence. It is going to work out the probability of default. Has anything similar to that been done?

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