Seanad debates

Thursday, 30 May 2013

Financial Emergency Measures in the Public Interest Bill 2013: Committee and Remaining Stages

 

11:30 am

Photo of Brendan HowlinBrendan Howlin (Wexford, Labour) | Oireachtas source

We are addressing that issue. For the foreseeable future, like all countries, we will be borrowing money and it depends on who loans us the money. In normal market circumstances we borrow the money and simply pay the interest; it would not come with a string of conditions attached that would determine fiscal policy. We want to get rid of that element soon.

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