Ireland forced to halt infrastructure plans

Article reports that Ireland has had to put several big infrastructure projects on hold in 2011 to help Ireland meet budget deficit targets set out in its bail-out programme with the European Union and International Monetary Fund.

The Irish government said in November 2011 that several billion euros worth of capital projects, including metro, rail, road and education schemes, would be deferred until at least 2016 – the lifetime of the current government.

ESO: Background information: Statement by the EC, ECB, and IMF on the Review Mission to Ireland, October 2011 http://www.europeansources.info/record/memo-statement-by-the-ec-ecb-and-imf-on-the-review-mission-to-ireland-2/

Irish Times, 11.11.11: Howlin cuts reduce next year's capital spending by €755m http://www.irishtimes.com/newspaper/frontpage/2011/1111/1224307373425.html

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