Oireachtas Joint and Select Committees

Wednesday, 10 May 2017

Joint Oireachtas Committee on European Union Affairs

European Semester - National Reform Programme: Discussion

2:00 pm

Professor Alan Barrett:

Deputy Brophy claimed that we might have been dismissive about the reduction in unemployment. If that was the case then I apologise. I did not mean to cause offence. Reduced unemployment is one of the remarkable achievements of the past number of years. It is an extraordinary achievement and is a tremendously positive development.

The Deputy asked some of the questions about fiscal rules, which I think I answered. Earlier I said that the fiscal rules were a necessary evil.

Deputy O'Rourke asked questions about the capital programme. I ask Dr. Morgenroth to deal with some of them.