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Europe Daily Bulletin No. 10261

23 November 2010
GENERAL NEWS / (eu) eu/ireland
Strict conditions attached to EU financial aid

Brussels, 22/11/2010 (Agence Europe) - On Wednesday, the Irish government will unveil a four-year austerity plan to rein in the public deficit and bring it back below the 3% of GDP cut-off point by 2014. The plan will slash public spending, raise taxes and restructure the banking industry. It will be used to meet the strict conditions attached by the European Union to its financial aid of nearly a hundred billion euro. Ireland's official request for aid was made on Sunday evening and...

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