Ireland could face a legal challenge from Europe for failing to give the Fiscal Advisory Council adequate powers, the Master of the High Court has warned.
Edmund Honohan SC said that under the terms of Europe's fiscal treaty, which Irish voters backed by a large majority in last year's referendum, the Fiscal Advisory Council should have "an effective power of veto" on the government's forthcoming budget.
Last year's Fiscal Responsibility Act gave the advisory council...
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