READ MORE- Four-year plan is a one way route to the Stone Age
The EU and IMF are entitled to seek whatever changes they see fit to yesterday's four-year austerity plan according to the Irish Times. The Department of Finance confirmed that Fianna Fail's austerity plans could be ammended by the two external bodies.
The document was drafted by the Government, but it is believed that neither the IMF or European Commission have endorsed it yet.
Despite this yesterday, Economics Commissioner Olli Rehn yesterday welcomed the plan saying it is "a sound basis for negotiations" on an emergency loan with the IMF and the EU.
The main points unveiled in yesterday's plan, as outlined by the Irish Times are as follows:
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