Seanad debates
Tuesday, 22 November 2011
Infrastructure and Capital Investment: Statements, Questions and Answers
5:00 pm
Brendan Howlin (Wexford, Labour)
Restoring the public finances is the best way to aid growth, as has been said by the OECD, the World Economic Forum and any other economic advices we have. We must restore economic fortunes. We are borrowing €18 billion this year. Some €15 billion is for day-to-day expenses and €3 billion is for the banks. We are paying our gardaí, teachers, nurses and ourselves from that borrowed money and there is only one source for it, which is the troika. Nobody else will give us money.
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