TITLE

Irish face another austerity budget

AUTHOR(S)
James Ashton
PUB. DATE
December 2012
SOURCE
Evening Standard;12/ 5/2012, p42
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
IRELAND was today seeing its sixth austerity budget since the financial crisis, with finance minister Michael Noonan expected to announce �3.5bn (�2.9bn) tax rises and spending cuts. Ireland received an �85bn EU/IMF bailout in November 2011, but has made a limited return to the sovereign bond markets. It faces a budget deficit of 8.3% of GDP this year, and in the second quarter GDP was 1.1% down over the year.
ACCESSION #
83854917

 

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