Fresh austerity drive for Ireland

first_img Show Comments ▼ Fresh austerity drive for Ireland Ireland will seek savings well above an initial target of €3bn (£2.6bn) in its 2011 budget, finance minister Brian Lenihan said yesterday. Ireland is under pressure to demonstrate it can shrink the worst budget deficit in the EU to allay concerns the former “Celtic Tiger” economy may need external assistance to shore up its finances. It is understood Lenihan will seek up to €4.5bn in adjustments in the 2011 budget, his fourth austerity plan in two years. The task facing the government, the most unpopular administration in modern Irish history, has been compounded by a less rosy global outlook which will likely trip up a return to growth in the heavily trade-dependent Irish economy this year. whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes whatsapp Sharecenter_img KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Sunday 10 October 2010 11:52 pm Tags: NULLlast_img