“The market obviously doesn’t believe the position at the moment”
Andy may fear for the children and idealists, but Taoiseach Brian Cowen’s main concern, as previously acknowledged by his Finance minister, is re-establishing lost international market confidence. And while a national consensus may prove elusive, despite the re-assurances of EU Commissioner Olli Rehn, those markets have given their initial verdict on the Irish Government’s judgement that a total cut of €15 billion is needed over four years to reduce the budget deficit to 3 per cent by 2014. The iol report has …