Oireachtas Joint and Select Committees
Tuesday, 10 February 2015
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
ECOFIN Briefings: Minister for Finance
6:30 pm
Pearse Doherty (Donegal South West, Sinn Fein)
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As must other member states, including Ireland, which at ECOFIN decided time and again that this was the type of programme that would be foisted on Greece which was put in a corner and running out of money. It was about loading €240 billion of debt onto the economy. I do not think any economist believes - the Minister can ask the economist sitting beside him - Greece can pay back that debt. I have not heard one economist argue that point.
I would like to move on to discuss the ECOFIN meeting and the investment plan which will be co-funded from our own resources. Is that correct?