Seanad debates

Wednesday, 12 May 2010

11:00 am

Photo of Brian Ó DomhnaillBrian Ó Domhnaill (Fianna Fail)

Consumer spending is increasing, according to figures, and Davy Stockbrokers has indicated that there was economic growth in this country in the first quarter. The ESRI is predicting almost 3% growth this year and that will develop to approximately 5% in 2012.

We have to take the austerity measures that have been outlined. The Greeks did not take those measures and as a result they are experiencing significant difficulties. If we had not taken the measures contained in the 2010 budget we would be in the same position.

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