Oireachtas Joint and Select Committees

Wednesday, 21 January 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Annual Growth Survey 2015, Alert Mechanism Report 2015 and An Investment Plan for Europe: Discussion

2:30 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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Regarding the investment plan, when we are dealing with the excessive deficit procedure we cannot breach those targets but we can now because the European Commission has just decided to change the rules on investment. Is that correct? If we couple this with investment from Commission President Jean-Claude Juncker's plan on the use of state resources, it will not be accounted for.