Oireachtas Joint and Select Committees
Thursday, 5 December 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Fiscal Assessment Report November 2013: Discussion with Irish Fiscal Advisory Council
2:45 pm
Kieran O'Donnell (Limerick City, Fine Gael)
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We have €20 billion in reserve. Is that not a significant insurance policy? Are our guests not pleasantly and agreeably surprised by the markets' reaction to the announcement by the Government? As Klaus Regling, managing director of the ESM, indicated as recently as yesterday, the Government's decision was the right one.