Dáil debates

Wednesday, 19 May 2010

Euro Area Loan Facility Bill 2010: Committee and Remaining Stages

 

6:00 pm

Photo of Richard BrutonRichard Bruton (Dublin North Central, Fine Gael)

On the issue of Murphy's law, in the event of a breach or problem occurring, have the Commission and European Ministers considered how the process would work through the necessary correction and the time given to get back on track? Has anyone examined a genuine economic assessment of the Greek position to ascertain whether it can meet the conditions while driving the export led recovery that will be necessary to make the loan facility viable and ensure the country's GDP does not shrink, its debt increase and its problems of funding become bigger as time goes on?

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