Seanad debates
Wednesday, 14 March 2012
Treaty on Stability, Coordination and Governance in the Economic and Monetary Union: Statements
10:30 am
Fidelma Healy Eames (Fine Gael)
I would like to make one other point. The treaty's fiscal discipline is designed to prevent another crisis like the current one. Once we reach the target deficit levels of the treaty, we will no longer be able to build up an unsustainable deficit like the current one. Would we not have wished for someone to put a brake on us in 2005 and 2006? It was tried with the Bacon report in 2001 but along came the Government-----
No comments