Oireachtas Joint and Select Committees
Tuesday, 30 April 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Stability Programme Update: Discussion with Minister for Finance
6:45 pm
Michael Noonan (Limerick City, Fine Gael)
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As long as we owe something in excess of 17% of the money borrowed to the European institutions, there will be continuing oversight. On that basis, we will have the programme for a long time, but it will not be hands-on scrutiny. The other point is that while we are all working very hard in our small space in Ireland to sort out things, the fiscal rules in Europe have been changing very rapidly, so those who are not in any programme now-----