Finance Minister Michael Noonan said the Government would have to cut its growth forecasts and face the prospect of “more austere measures” in future budgets should voters reject European fiscal compact this month.
With the government currently forecasting 2.2 per cent economic growth next year, “the uncertainty caused by a ‘no’ vote will cause that to come down,” Bloomberg reported Noonan as saying in Brussels today. In planning for budgets over the next...
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