Michael McGrath (Cork South Central, Fianna Fail)

Question 1: To ask the Minister for Finance his views on the impact of the new proposed European Fiscal Compact Treaty on Ireland's public finance strategy beyond the end of the Programme for Assistance with the EU and IMF in 2013; the period of time over which he expects Ireland will have to reduce its structural deficit to 0.5% of GDP and its debt to GDP ratio to 60%; The impact this is likely to have on national budgets post 2013; and if he will make a statement on the matter. [5990/12]

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