Dáil debates
Wednesday, 10 October 2012
Fiscal Responsibility Bill 2012: Second Stage (Resumed)
4:30 pm
Derek Nolan (Galway West, Labour) | Oireachtas source
The treaty is extremely important for the country because it provides that a country which is spending too much money that it does not have must reduce its expenditure over time and that a country that has borrowed too much has to reduce its borrowings over time. That is the basis for it. There might be more to it.
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