Seanad debates
Tuesday, 27 May 2003
Sustaining Progress: Statements.
We live in difficult economic times. It is not clear how long these difficult circumstances will continue. As we have seen before, international agencies like the OECD and the EU tend to predict the upturn will happen in the autumn or early next year. Often it can take much longer than people care to anticipate. Senator Higgins pointed out that we now have the challenge of the strength of the euro on the currency markets. That said, we did live for two or three years with the punt at parity with sterling. Though we are not at that equivalent stage, if we could do it before, then presumably we ought to be in the position to do it again.
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