Seanad debates

Tuesday, 12 July 2011

2:00 am

Photo of Paschal MooneyPaschal Mooney (Fianna Fail)

I ask the Leader, in light of the Italian and Spanish debt crisis, to consider inviting the Minister for Finance to come to the House before the end of the recess. I know a similar request has been made in a different context. The Minister should indicate exactly how the Government intends to address this matter. I am firmly of the view, which is shared by an increasing number of financial commentators and analysts, that the debt burden with which this country is encumbered is unsustainable in the medium to long term. There is a great deal of talk in Europe about all sorts of restructuring, which the international investors are interpreting as default-----

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