Menu
09/11/2010
Rehn Seeks Political Consenus On Irish Cuts
European Economic and Monetary Affairs Commissioner Olli Rehn is supporting the Irish Government's measures to cut the Irish Republic's Budget deficit and has today called for political consensus to support the plans.
Mr Rehn made the announcement at a press conference last night, following a meeting with Finance Minister Brian Lenihan.
He endorsed the Government's target of reducing the deficit to below 3% of GDP by 2014 and said that planned cuts of €6 billion in the forthcoming Budget were "essential and correct".
Mr Rehn said it would be of "great benefit for Ireland if a broad political support for the necessary consolidation measures and structural reforms could emerge and could be developed". He also said that Ireland's strengths "are too easily forgotten" and stressed that the country has "strong economic fundamentals".
Speaking of the potential for recovery, he said: "Ireland has done it before. Ireland can do it again."
However, speaking today, Mr Rehn said that the €15 billion in adjustments required over the next four years could be re-negotiated.
Mr Rehn met with the leaders of the opposition political parties today, as well as IBEC and ICTU representatives. He also paid a courtesy call to Taoiseach Brian Cowen at Government Buildings this morning.
(KMcA/BMcC)
Mr Rehn made the announcement at a press conference last night, following a meeting with Finance Minister Brian Lenihan.
He endorsed the Government's target of reducing the deficit to below 3% of GDP by 2014 and said that planned cuts of €6 billion in the forthcoming Budget were "essential and correct".
Mr Rehn said it would be of "great benefit for Ireland if a broad political support for the necessary consolidation measures and structural reforms could emerge and could be developed". He also said that Ireland's strengths "are too easily forgotten" and stressed that the country has "strong economic fundamentals".
Speaking of the potential for recovery, he said: "Ireland has done it before. Ireland can do it again."
However, speaking today, Mr Rehn said that the €15 billion in adjustments required over the next four years could be re-negotiated.
Mr Rehn met with the leaders of the opposition political parties today, as well as IBEC and ICTU representatives. He also paid a courtesy call to Taoiseach Brian Cowen at Government Buildings this morning.
(KMcA/BMcC)
Related Irish News Stories
Click here for the latest headlines.
10 November 2010
State's Funding At Risk Says Cowen
Mr Cowen has claimed that a failure to make the proposed cuts in December's budget could put the Irish State's funding "at risk". The Taoiseach's comments were made in response to suggestions by Labour Leader Eamon Gilmore that the suggested cuts of €6 billion in the upcoming budget would "work against job creation and hamper growth".
State's Funding At Risk Says Cowen
Mr Cowen has claimed that a failure to make the proposed cuts in December's budget could put the Irish State's funding "at risk". The Taoiseach's comments were made in response to suggestions by Labour Leader Eamon Gilmore that the suggested cuts of €6 billion in the upcoming budget would "work against job creation and hamper growth".
13 March 2015
New Political Party Renua Ireland Launches
A new political party has been launched by former Fine Gael junior minister, Lucinda Creighton. Named, Renua Ireland, Ms Creighton said that the party will be "open-minded" and believes in "independence of thought and challenging consensus".
New Political Party Renua Ireland Launches
A new political party has been launched by former Fine Gael junior minister, Lucinda Creighton. Named, Renua Ireland, Ms Creighton said that the party will be "open-minded" and believes in "independence of thought and challenging consensus".
08 December 2015
Ireland Involved In Political Pressure On Japan Over Whaling
Ireland is one of a number of countries involved in a demarche to the Japanese government, expressing "serious concerns" about its whaling activities.
Ireland Involved In Political Pressure On Japan Over Whaling
Ireland is one of a number of countries involved in a demarche to the Japanese government, expressing "serious concerns" about its whaling activities.
02 February 2009
Government Of National Unity Can 'Beat Recession', Says Media Mogul
The Irish economic crisis has reached such a point that one opinion-former has called for an emergency government of 'national unity' to be set up. Niall FitzGerald, the Irish Deputy Chairman of media giant Thomson Reuters said there's "a very strong case" for the political parties to unite.
Government Of National Unity Can 'Beat Recession', Says Media Mogul
The Irish economic crisis has reached such a point that one opinion-former has called for an emergency government of 'national unity' to be set up. Niall FitzGerald, the Irish Deputy Chairman of media giant Thomson Reuters said there's "a very strong case" for the political parties to unite.
20 May 2015
Minister Charlie Flanagan Meets With Secretary Of State
The Minister for Foreign Affairs and Trade has had his first meeting with the Secretary of State for Northern Ireland following her reappointment. Charlie Flanagan and Theresa Villiers discussed the current political impasse within the Northern Ireland Executive.
Minister Charlie Flanagan Meets With Secretary Of State
The Minister for Foreign Affairs and Trade has had his first meeting with the Secretary of State for Northern Ireland following her reappointment. Charlie Flanagan and Theresa Villiers discussed the current political impasse within the Northern Ireland Executive.
-
Ireland WeatherToday:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
