Brian Lenihan says cuts will be ‘well above’ €3 billion
IMF happy with Ireland’s economic remedies, he claims
Ireland will have to endure budget cuts of ‘well above’
Lenihan and the rest of the Irish government have been tight-lipped about the precise size of the budget cuts required in the December budget, but he admitted that it will require greater cuts than previously suggested. He refused, however, to give a precise figure.
“We have to respond to the real economic realities we face. I don’t believe I should rush into a figure and announce it without very careful analysis,” he said. “The real figure that is agreed upon … is that we have to get our borrowing down, by the end of 2014, to 3% of our annual wealth … if you want to reach that figure, you do require to make a very serious adjustment.”
When pushed on a figure, he said, “The national plan will outline precisely how much you have to do on a year by year basis to 2014. Clearly the figure this year will be well above the existing figure of 3 billion.”
Lenihan also referred to recent efforts to create consensus with the opposition party.
“I very much welcome that Fine Gael and Labour is also signed up to this [the figure of 3 billion],” he said.
“We’re sharing the economic analysis with the other parties. I think it would be very helpful if we could share that sense of a common analysis of what the problem is because if all of the parties subscribe to a common analysis of the economic problems, it will be much easier to secure a united national effort behind jobs, and growth and budgetary correction.”
In relation to the meeting with the IMF, Lenihan said that the IMF was happy with the way Ireland was handling the crisis.
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One of the worst things is people who don't acknoledge the Pagan roots of what we now call "Christmas". When you gather around the ChristmaGay wedding cakes latest target of anti-gay bigots
If they stop baking wedding cakes for everyone to prevent them from baking a cake for even one gay couple, it's an action still motivated by bigotry aOffensive NFL sign outside restaurant just a symptom of a larger problem
@thetint Well you see Native Americans were already consulted on this issue (many years ago) and have okayed the use of "Redskins," "ClOffensive NFL sign outside restaurant just a symptom of a larger problem
If the Native Americans object to the word 'Redskins' then they should be listened to and engaged with.