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

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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Is it not a fact that even the IMF has acknowledged that the adverse and disastrous impact of the programmes was far worse than that predicted? They had a devastating effect. The initial prediction was that imposing this level of austerity on Greece would lead to a return to growth much quicker and that the adverse effects would not be as severe as they turned out to be. The troika was wrong - it has had a devastating effect in Greece.