Dáil debates

Wednesday, 20 November 2013

Other Questions

EU-IMF Programme of Support Issues

10:10 am

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

I understand that the information is not new but the issue is not being clarified for citizens. As the Minister correctly stated, if growth does not materialise, Ireland will be in deep trouble because, unlike every other country in Europe, we have a debt-to-GDP ratio of 120% and a debt-to-GNP ratio of 150%. The requirement to pay down €200 billion in debt that is not ours will be a noose around our necks. If the growth projections do not materialise - and there is little sign of them materialising - we are banjaxed. The reality of this needs to be spelled out to people and radical measures taken to address the failure of Government policies to generate economic growth because austerity is killing growth.

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