Dáil debates

Wednesday, 18 December 2013

Pre-European Council Meeting: Statements

 

2:00 pm

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

In the Taoiseach's growth forecast in this strategy he has a baseline assumption of 2% growth and an optimistic scenario of 2.3%, but the ESRI has three scenarios. It has a stagnation scenario in which the debt issue is not resolved and the growth the Taoiseach hopes for in Europe does not materialise. Why is that stagnation scenario not set out, when IFAC and the troika have said that the downside risks are the greater risks? They have said on the record in the Department of Finance that those are the greater risks.

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