Oireachtas Joint and Select Committees

Wednesday, 16 January 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Matters Relating to the Economy: Discussion with Governor of Central Bank

3:40 pm

Photo of Aodhán Ó RíordáinAodhán Ó Ríordáin (Dublin North Central, Labour)
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The Governor has not answered my question about how much it might raise. I understand those 11 eurozone countries have signed up to a rate of 0.1%. How much would that raise in the Irish context? He has said the consequences for job losses or the impact on the economy would not be as grave as some people suggest. I ask him to flesh out the consequences it might have and how much it might raise in Ireland.