Ireland unveils $20bn austerity plan
IRELAND revealed its 15 billion-euro ($20.64 billion) austerity plan, slashing public sector pay, pensions and welfare but refusing to increase corporation tax. With the eyes of Europe on his debt-ridden nation, Prime Minister Brian Cowen said his four-year package of cuts and tax increases was designed to restore confidence and secure an international bailout. “I am hopeful for the future that this plan is another confidence-boosting measure, another signpost along the road to recovery,” he said. The plan, to be followed by a budget on December 7, is an essential step towards Ireland receiving…
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Ireland unveils $20bn austerity plan
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