Labour TDs defend Broughan’s ‘Titanic’ remarks
In a Dáil debate on the Jobs Initiative, Mr Broughan said he agreed with the “powerful and accurate analysis by Professor Morgan Kelly” who predicted that Ireland will have a debt mountain of €250 billion by 2014.
The Dublin North East TD said “Professor Kelly’s prediction of imminent national bankruptcy has, as expected, been shrugged off by the Government, which is still negotiating desperately just to get a 1% cut in the bailout interest rate. President Sarkozy is still saying: ‘Non’.