Dáil debates
Wednesday, 19 May 2010
Euro Area Loan Facility Bill 2010: Second Stage (Resumed)
3:00 pm
Dick Roche (Wicklow, Fianna Fail)
The second point was that easy credit led to unproductive investment and excessive consumption, something with which nobody in the House would disagree. The third point was that public debt exploded throughout the 1980s, but in particular in Greece in the period after 2008. It was a feature across the eurozone. That was due in part to the worldwide crisis.
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