Bernard Durkan (Kildare North, Fine Gael)
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Question 232: To ask the Minister for Finance if the Government's high wage economic policy driven by high property values is likely to be sustainable in the future having regard to likely interest rate increases; and if he will make a statement on the matter. [38216/05]

Brian Cowen (Laois-Offaly, Fianna Fail)
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I do not accept the contention in the Deputy's question. All commentators agree that Ireland has a sustainable potential growth rate of close to 5%. This potential growth rate is not materially affected by the increase in interest rates referred to.