This month Paschal Donohoe said that the debt burden was on a “sustainable path over the next ten years”EU member states should be allowed to “warehouse” Covid-19-related debt in Brussels, an advocacy group has said. Dr Seán Healy, chief executive of Social Justice Ireland, said repayments of interest only in the first few years should be followed by reduction of overall debt in small portions over a long time period. SponsoredThe group, which published its annual review yesterday, calling for a new social contract, said that a recent statement by Paschal Donohoe, the finance minister, indicated that Covid-19 debt was “sustainable”. Dr Seán Healy, head of Social Justice Ireland, has called for a new social contractDonohoe outlined this view to the Economic and Social Research Institute on March 4, and a recent Oireachtas parliamentary budget office report also said that “aggressive fiscal consolidation” would not be required to ensure that the debt burden was on a “sustainable

Source: The Times March 24, 2021 00:01 UTC