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Europe Daily Bulletin No. 9895

6 May 2009
Contents Publication in full By article 11 / 36
GENERAL NEWS / (eu) eu/economy
Ireland in “hugely difficult” situation

Brussels, 05/05/2009 (Agence Europe) - In Ireland, the “situation is hugely difficult, indeed complicated,” according to Eurogroup President Jean-Claude Juncker. Faced with a fall in GDP of the order of 9% in 2009 and the explosion of its public deficit (12% this year and 15.6% in 2010, the Commission predicts), Ireland has been told to get back below the threshold of 3% of GDP by 2013. To try to do this, Dublin recently brought forward budgetary austerity measures. The decisions taken...

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