Seanad debates
Tuesday, 24 April 2012
Thirtieth Amendment of the Constitution (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) Bill 2012: Committee and Remaining Stages
It was explained to us that a structural deficit would preclude short-term shocks or interventions in the cycle of an economy, with the longer-term cycle of an economy being considered. The deficit would be calculated on that basis. There are no clear guidelines or measurement of targets for how this is calculated but we are being asked to put these elements into Irish law and our Constitution.
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