Dáil debates
Wednesday, 6 November 2013
European Council: Statements
2:30 pm
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
It will be up to people to see if that prediction is correct. I will reiterate that we have secured a rate of interest on our borrowing over the last year. It has happened. It is objectively correct. The State has been able to borrow at a fraction of the rate that applied two years ago. What the Deputy and others who are advocating unilateral action need to answer is how that low rate of interest would be maintained.
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