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Mon 12 Dec 2008Investment kick-start for economy urged
BORROWING:IRELAND'S NATIONAL debt should be allowed to nearly double over the next four years in order to pay for spending on schools, telecommunications and other State infrastructure to kick-start the economy, the Labour leader, Eamon Gilmore, has declared.
"In the short term borrowing will have to rise, but our national debt is low and can take the strain. That's what the Organisation for Economic Co-operation and Development recommended," he told the Labour Party conference on Saturday night.
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