Brian Cowen (Laois-Offaly, Fianna Fail)

In broad terms, what has emerged is that growth prospects for the future from 2011 on are less now. When we have finalised the production of the data, we will convey it and deal with it. The reason the forecasts from 2011 to 2014 have to change from what was predicted in 2010 is that the borrowing costs of sovereign debt have increased, and which need to reduce. The reason we need to reduce is because we have to bring forward a four-year plan to assist in achieving the confidence necessary internationally and domestically so that will happen.

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