Oireachtas Joint and Select Committees

Wednesday, 1 December 2021

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Review of EU Economic Governance Framework: Dr. Dirk Ehnts

Photo of Mairead FarrellMairead Farrell (Galway West, Sinn Fein)
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I thank Dr. Ehnts. I will begin with my own questions initially. I wonder about the origin of the fiscal rules and how they came about. There is the 3% debt-to-GDP rule and the 60% public debt level rule. I wonder if those figures are supported by any evidence. If not, why were those particular figures chosen? What are their implications for economic stability and development?