Tuesday November 24, 2020

Debt deal does not rule out budget cuts

With Irish bond interest rates falling and the prospects of exiting the bailout improving, the government may lose its impetus in correcting the public finances.

17th February, 2013

There is a risk that, with Irish bond interest rates falling on the markets and the prospects of exiting the bailout improving, the government will lose its impetus in correcting the public finances.

Already the debate has started in the wake of the promissory note deal, with Labour Party ministers, in particular, arguing that we should ease up on 'austerity' or find extra money to invest in 'job creation projects'.

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