Pearse Doherty (Donegal South West, Sinn Fein)
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Paragraph 29 asks a number of questions on bond issuance relating to the recapitalisation of the banks. Dr. Bacon states:

Another key factor relates to the underlying public finance position and current efforts towards stabilising the deficit which is widening beyond expectations. Then there is the question of the impact of such expansion on the debt and the capacity to service the debt. Ireland has the capacity to absorb additional debt service costs if these were to come about.

How wise or unwise was that statement?