Seanad debates

Tuesday, 25 March 2003

Finance Bill 2003 [ Certified Money Bill ] : Second Stage.

 

We also have an increasing problem with competitiveness because of the relative strength of the euro now as compared with six months ago. There has been an appreciation of the euro currency against the US dollar of in the region of 20% to 25% and an appreciation against other currencies with which we trade of in the region of 10%. We must deal with the issue of domestically-generated inflation.

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