Irish Economy: Lenihan says mini-Budget may be necessary - Euro was major cause of Irish housing bubble
Nov 4th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Minister for Finance Brian Lenihan, warned on Tuesday that further cuts in public spending and tax increases may be necessary to get the Exchequer's Budget deficit under control. He conceded that what in effect would be a mini-Budget, is likely and he said that membership of the Euro system was the major cause of the Irish housing bubble.