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
4:20 pm
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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Their best projection is that by 2015 it might have dropped by about 1% to 2%. In the best case scenario, therefore, we are facing chronic mass unemployment for the next three years. If the European Commission is correct and things turn out worse in the domestic economy, it will be worse than that. Does Professor Honohan honestly think that is a serious perspective that offers any hope to the people of this country over the next three years? Does he really think that is the best we can offer as an economic perspective?