John Gilroy (Labour) | Oireachtas source

Senator Norris quoted Senator Barrett as having said the debt-to-GDP ratio was at 125%. It is bad enough at 113%, which is the accurate figure, without inflating it by another 12 percentage points to make it 125%. However, Senator Barrett will agree with me that there are other metrics by which debt sustainability can be measured. One method is the debt-to-GDP ratio, but another is the sustainability and affordability of the debt. The deal that we will achieve on the promissory notes will offer relief under other measures that might not be captured when we-----