Business Post's View
Alarm bells ringing over risky spending as new EU rules loom
Ireland is seen as outside the rules due to the distorting impact of corporate tax revenues
Two weeks ago, Finance Minister Michael McGrath won Government approval to sign up to new and more stringent EU spending target rules aimed at reducing the risk of reckless spending within the union.
The new EU fiscal rules will require every member state to publish their net expenditure plans for the following four to five years. Member states will have to submit their plans by September, after which they will not be permitted to deviate ...