Ciarán Lynch (Cork South Central, Labour)
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Regarding COM (2011) 818, Mr. Gallagher states there are practical concerns regarding the requirements to base budgetary arithmetic on independent macroeconomic forecasts. He also said the draft regulation lacks detail. One of the concerns highlighted is that the independent macroeconomic forecasts can sometimes be in conflict with what is considered the official forecast. Do those independent commentators include rating agencies and others making macroeconomic value judgments?