Wednesday, December 7, 2011

Ireland - tightens fiscal belt with further spending cuts - raise around 1.6 billion euros in taxes

Published on Dec 6, 2011 by
http://www.euronews.net/ Ireland's 4.5 million people are heading into tough economic times. Social welfare payments, health, education and public sector jobs are set to face the axe.

In Ireland's parliament the Irish Finance Minister, Michael Noonan has been outlining his plans to raise around 1.6 billion euros in taxes in a budget aimed at saving 3.8 billion euros. For the first time in a quarter of a century the prime minister addressed the nation on the severity of the situation.

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