European warning over €1.5bn election budget
European Commission vice-president Jyrki Katainen warns against reversing austerity measures and increasing public spending
His comments show the level of concern in the European Commission about the government’s plan to deliver a pre-election budget package worth up to €1.5 billion even though the economic recovery is still fragile.
Katainen said that it was understandable after years of difficult decisions that there was a desire to “loosen the grip a bit” when the Irish economy was starting to grow again.
“But there you must be very careful not to water...
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