Gerald Nash (Louth, Labour)
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I understand that a memorandum on the revised EU fiscal rules was brought to Cabinet today. What kind of impact will these rules have on our own ability in terms of expenditure on public service and infrastructure? Certainly, monitoring the work of the European Parliament earlier on this year and the work our own social democrats group did, it seems that some of the lessons from the austerity period have been learned and that there is more latitude now for member states to invest, at the appropriate time, their own resources in areas of the economy and in infrastructural delivery and so on that require support, mainly climate mitigation and, arguably, housing. Would that be Dr. Kelly's assessment?