Fidelma Healy Eames (Fine Gael)
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I welcome Professor FitzGerald. I was struck by what he said about EU fiscal policy and its effect on reducing growth rates by 1.5% this year. We all seek growth. We examine the unemployment levels across Europe and in Ireland, particularly youth unemployment, the size of the deficit and the amount of cuts that we must continue to bear. A little bit of growth in the economy would make a great difference to everything. How can we influence growth in Europe? What can Ireland do to influence EU fiscal policy?

The professor spoke about the reasons for banking at the beginning of his presentation. Would a banking union make a difference to growth? I would like to understand the matter a little bit more.