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Home Page > News > Varadkar tells Irish public the worst of the recession is over

Varadkar tells Irish public the worst of the recession is over

Bizarre claim from Minister as colleagues warn of draconian budget

CATHAL DERVAN,

IrishCentral.com Staff Writer

Published Monday, July 25, 2011, 7:35 AM

Updated Monday, July 25, 2011, 10:23 AM

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Minister Leo Veradkar

Photo by Google Images

In his interview with state broadcaster RTE, Varadkar also denied that Ireland’s low corporation tax rates were under threat as part of the new EU deal on lower interest rates.

He also believes the billion Euro private investment in Bank of Ireland, confirmed on Monday, will ease pressure on the Irish Exchequer.

His comments came as Britain agreed to cut its emergency bail-out loans to Ireland in line with the Eurozone move.

In total, the State will now have an extra one billion Euro to divert to other areas of spending from 2012 but not in time to avoid another savage €4billion worth of cuts in the December budget.

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butlerreport | Aug 15, 2011, 09:56 AM EDT

Proof once again that the elected lose all touch with reality when they enter Leinster House. Ireland is in a depression, not a recession minister. The country is bankrupt and our debt is rated as 'junk.' The only thing that could get worse is if the multinationals who are the lifeblood of the country leave, as some are apt to do as labour costs are cheaper in China and Poland and Israel matches our corporate tax rates. Varadkar's portfolio is transportation not finance and he should stick to it. Really, elected politicians are absolute gob-sh*tes.

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themurphia | Jul 26, 2011, 03:53 PM EDT

Do you think also he believes in the tooth fairy the Easter Bunny and Sanity Clause...or maybe this is just the party line...tell it to de boids...!

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Trealach | Jul 25, 2011, 11:12 AM EDT

Ahhhhh the same idiot who said "Not another red cent for the Banks" - then went ahead and poured in a few more billion. The only light he sees at the end of the tunnel is another train coming towards him, but he's too thick to know the difference.

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beaumax99 | Jul 25, 2011, 09:52 AM EDT

U.S.A. gov't has been telling us for almost a year that the economy was picking up and jobs were up and unemployment down. Well surprise, surprise, surprise....why are we in danger of not being able to pay our debts??? It is just a political ploy that is practiced by all gov'ts.

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LoyalCitizen | Jul 25, 2011, 09:45 AM EDT

As if an Irish Doctor / Politician knows anything about and Irish Economy that went into recession over a decade ago.

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