European warning over €1.5bn election budget

European warning over €1.5bn election budget
Jyrki Katainen, European Commission vice-president Picture: Paul Sharp

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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