Oireachtas Joint and Select Committees

Tuesday, 6 December 2016

Committee on Budgetary Oversight

EU Directorate-General Economic and Financial Affairs: Discussion

5:00 pm

Mr. Carlos Martínez Mongay:

At the same time, when one talks about uncertainty, depending on the final result there can be some reallocation of some activities from the UK and to the UK. We do not know what will happen. I do not believe this is a question of investing more and even less a question of increasing public debt. It is a question of being resilient and being ready for structural adjustments. It is a question more of enhancing the structural resilience of the economy. In certain countries where growth is low but debt is high, fiscal stimulus will not do the job.