Saturday September 19, 2020

Ireland to move out of corrective arm of EU's fiscal pact on January 1

Commission warns Ireland can still miss its targets in the preventive arm

Barry J Whyte

Chief Feature Writer

30th December, 2015
Michael Noonan, finance minister Pic:

Ireland should move from the 'corrective' arm of the European Union's rules for deficit control - the Stability and Growth Pact - to its 'preventive' arm on January 1, 2016, according to the latest forecasts.

But the European Commission has warned that, despite the country's current economic resurgence, there is still a risk that Ireland could miss its targets under the preventive arm of the pact.

The final ruling won't come until April, but estimates show that...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

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



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

The state’s National Cyber Security Centre is constantly dealing with suspected attacks and urgently needs more resources

Michael Brennan | 5 days ago

We are far less reliant on the UK as a trading partner now than in previous decades — our focus needs to switch to the many challenges and opportunities of the future

Neale Richmond | 5 days ago

Covid-19 and an economic crisis are exacerbating the trauma of this month’s explosion, writes a Concern worker on the ground

Dom Hunt | 4 weeks ago