Seanad debates
Wednesday, 16 December 2009
Budget 2010: Motion
6:00 pm
Billy Kelleher (Cork North Central, Fianna Fail)
Ireland faced major difficulties arising from a loss of competitiveness and a dependence on the property market, which had experienced an inflationary bubble due to the availability of cheap credit and a rapidly growing economy. Notwithstanding these problems, it has been acknowledged internationally that the Government made brave decisions at the time which helped us avoid a further meltdown of the financial institutions.
No comments