Irish Budget 2011: Cowen says €15bn adjustment plan will be “somewhat frontloaded”; Yields on Irish bonds rise
Oct 28th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish Budget 2011: Taoiseach Brian Cowen said on Wednesday that the €15bn four-year adjustment plan beginning in 2011, will be “somewhat frontloaded” and focus more on spending cuts than tax increases. Also on Wednesday, the collapse of talks on a budget between Portugal's government and the main Opposition party, spooked bond investors and yield on 10-year Irish bonds, rose to a month's high.