Peter Mathews (Dublin South, Independent) | Oireachtas source

It is worth reading.

Why, during the budget debate, did the Minister for Finance say that Ireland's debt to GDP ratio is expected to be at 124%? It is not. That is the Government debt to GDP ratio. The Government debt to GNP ratio is about 140%. When one adds in household debt and non-financial corporate debt or SME debt, Ireland has the highest debt ratio in the world.

It is disgraceful that Mr. Wolfgang Schäuble said that Ireland is doing "fine" on budget day. That remark was both arrogant and out of place.

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