Ireland bank governor urges deeper cuts

Ireland’s central bank governor Patrick Honohan indicated on the 20 September 2010 that Prime Minister Brian Cowen’s government needs to go even further in cutting the forthcoming 2011 budget if it wants to restore international confidence in its management of the economy.

Patrick Honohan’s comments reflect mounting market concern at Ireland’s deficit, the largest in the European Union.

ESO: Background information: Dublin defies fears to pursue bond sale http://www.europeansources.info/record/dublin-defies-fears-to-pursue-bond-sale/

Ireland: Central Bank: Speech, 20.9.10: Banks and the Budget: lessons from Europe http://www.financialregulator.ie/press-area/speeches/Documents/20%20September%202010%20-%20Address%20by%20Governor%20Honohan%20-%20Banks%20and%20the%20Budget%20-%20Lessons%20from%20Europe.pdf

Irish Times, 20.9.10: Honohan warns on budget cuts http://www.irishtimes.com/newspaper/breaking/2010/0920/breaking15.html

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