Doing enough . . . but not too much

The budget battle is on, but Euro 2 billion in cuts looks unlikely, writes Cliff Taylor.

22nd June, 2014
Minister for Finance Michael Noonan: his budget target looks set to go against the advice of the Irish Fiscal Advisory Council. Picture: Feargal Ward

Ignore the shouting. Ignore the largely meaningless back and forth in public between the EU, IMF, the Fiscal Council and the government, and consider the two key facts. Number one, the government – particularly the Labour side – took a hammering in the local and European elections. Number two, it looks unlikely that the government will need to implement the full €2 billion adjustment in taxes and spending in the budget to meet the target...

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