Stephen Donnelly (Wicklow, Social Democrats) | Oireachtas source

A small number of people were telling the Government at that time that it was eroding the tax base, destabilising the country and setting us up for a fall. At that time, the Government asked what was not to celebrate, given the remarkable employment level and growing economy. At that time, the debt-to-GDP level was below 25%. Exactly that kind of discourse is going on here: "Do not worry about it". Then, as now, international organisations wrote reports like this and stated clearly to the State and the Government that it needed to be careful about what it was doing.

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