Wednesday February 26, 2020

Black hole of austerity

Ireland's austerity programme is being celebrated by Europe and the IMF, but it will dramatically reduce the government's role in years to come, writes Pat Leahy.

18th December, 2011
2
Minister for Finance Michael Noonan walks into Government Buildings on the second day of the budget. Photo: PA

Ireland's programme of economic recovery and restructuring is firmly on track, according to our lenders of last resort. But the cost is a hollowing out of public spending which will reduce significantly the economic role of the state in the coming years.

Two sets of documents were quietly published last week which, together, painted a revealing picture of the state of the bailout and its effects on what the state did in the future. If...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 1 month ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago