Dara Murphy (Cork North Central, Fine Gael)

Excellent.

With the Greek write-down of debt, its debt-to-GDP ratio will come close to Ireland's in the next few years. It is extremely important, however, to note that our projected debt-to-GDP ratio of 119% by 2013 represents a maximum figure which has been achieved by working through our programme. There is significant potential for reduction of that figure.

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