Dáil debates

Wednesday, 30 November 2011

10:30 am

Photo of Micheál MartinMicheál Martin (Cork South Central, Fianna Fail)

Given we read this morning that major global companies are engaged in planning scenarios for a euro crash, can the Taoiseach confirm that the Government has contingent plans for the worst case scenario because people are now talking about a crisis turning into a catastrophe?

The ESRI made the important point that GDP will grow next year by 1% while GNP will fall and grow by less than 1% because of the eurozone debt crisis. Given those predictions, will the Taoiseach confirm to the House that the Government is sticking to the 1.6% growth rate as outlined in the fiscal framework some weeks ago and that this growth target is tenable and credible?

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