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Dublin: Ireland should not trigger new spending and tax cuts, the EU commission has warned (Photo: William Murphy)

EU urges Ireland to maintain austerity

The EU commission has warned that the Irish economy is still vulnerable, urging the government to stick to budget austerity.

The warning is contained in a report published on Monday (23 June) by the EU executive assessing Ireland's economic progress six months after it exited its €78 bilion bailout in December 2013.

"Ireland needs to continue with fiscal consolidation, reduce the private sector overhang, and further progress financial sector repair to safeguard and strengthen the ...

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

Dublin: Ireland should not trigger new spending and tax cuts, the EU commission has warned (Photo: William Murphy)

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

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