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 Pearse DohertyPearse Doherty (Donegal, Sinn Fein)

Of course there would not be. That is the reality. The markets do not lend like that. We all understand that. Therefore, the Commission will have to service this debt before member states repay it. Is that not the case? Where does that debt come from? This is the point I was making earlier: where does the servicing of the debt come from? It comes from the European budget. Is that not correct?

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