Oireachtas Joint and Select Committees

Wednesday, 7 November 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Statement of Strategy 2011-2014: Discussion with Department of Finance

2:25 pm

Mr. John A. Moran:

I have used this analogy a number of times and I think it was first used by the Minister. At the moment we are driving as if we had the handbrake on in the car. We can still move forward but we are not moving forward at full potential. That is why it is so important to try to deal with the size of the debt we have in the economy and find ways to reduce the negative drag it has on our ability to move forward.