Dáil debates
Wednesday, 18 December 2013
Pre-European Council Meeting: Statements
2:00 pm
Richard 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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