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Image header Agence Europe
Europe Daily Bulletin No. 10227
Contents Publication in full By article 10 / 39
GENERAL NEWS / (eu) eu/ecofin council

Rehn says Ireland will have to change its fiscal policies

Brussels, 01/10/2010 (Agence Europe) - Speaking in Brussels on Friday 1 October after a meeting of EU economics ministers and central bankers, EU Economic and Monetary Affairs Commissioner Olli Rehn said that Ireland would not be able to continue with its competitive low taxation policy. Dublin announced on Thursday that it will be tripling its public deficit this year, increasing it from 11.6% to 32% of Irish GDP due to the increased costs of bailing out the banks (see EUROPE 10226). The...

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