Oireachtas Joint and Select Committees

Tuesday, 6 December 2016

Committee on Budgetary Oversight

EU Directorate-General Economic and Financial Affairs: Discussion

5:00 pm

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Social Democrats)
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I have a final question. There is an apparent contradiction in the advice given. I ask the witnesses to provide some advice in this regard. On one hand, Mr. Martinez-Mongay states that Ireland should not expand fiscally, while, on the other, he has identified major investment shortcomings in research and development, transport, housing, general capital infrastructure and so forth, a point on which I agree with him. How does he think Ireland should solve this problem if he recommends that we stay steady fiscally but states that we need serious investment. What is the Commission's view on how to meet both these requirements?