Oireachtas Joint and Select Committees
Wednesday, 10 May 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Examination of EU Fiscal Rules (Resumed): Irish Fiscal Advisory Council
Pearse Doherty (Donegal, Sinn Fein)
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Germany was arguing for a 1% adjustment for highly indebted countries. This does not appear in this version of the fiscal rules. It would have included those countries I have named. What the rule will specify is a 0.5% of GDP adjustment. Is this not also pro-cyclical?