Ireland unveils four-year recovery plan / Dublin fails to dispel eurozone debt fears

Ireland will cut welfare expenditure, slash the minimum wage, raise income tax and introduce a levy on land and property owners under a drastic austerity plan intended to put the public finances on a stable long-term footing.

Under the four-year programme, announced on the 24 November 2010, the government intends to save €15bn between 2011 and 2014 – or about 4% of annual economic output – with €10bn in public spending cuts and €5bn in new taxes and revenues.

Irish Times, 24.11.10: 'No group sheltered' as €15 billion savings plan unveiled http://www.irishtimes.com/newspaper/breaking/2010/1124/breaking3.html

EUObserver, 24.11.10: Dublin unveils radical austerity programme http://euobserver.com/9/31348

ESO: Background information: Ireland to unveil four-year austerity plan http://www.europeansources.info/record/ireland-to-unveil-four-year-austerity-plan/

Irish Times, 25.9.10: Dáil to debate €15bn package of cuts and taxes http://www.irishtimes.com/newspaper/breaking/2010/1125/breaking9.html

Irish Times: Topics: Economic Crisis http://www.irishtimes.com/topics/economiccrisis/

Irish Times: Topics: Banking Crisis http://www.irishtimes.com/topics/bankingcrisis/

Irish Times, 25.11.10: Editorial: Harsh but unavoidable http://www.irishtimes.com/newspaper/opinion/2010/1125/1224284098591.html

BBC News, 24.11.10: Irish unveil tough four-year recovery plan http://www.bbc.co.uk/news/business-11829811

BBC News, 25.11.10: Euro slide continues as Irish debt fears persist http://www.bbc.co.uk/news/business-11836514

Deutsche Welle, 25.11.10: Ireland announces sweeping austerity measures to secure bailout http://www.dw-world.de/dw/article/0,,6262986,00.html

France24, 24.11.10: Troubled Irish govt unveils four-year austerity plan http://www.france24.com/en/20101124-ireland-government-unveils-austerity-plan-four-year-15-billion-cowen-economy-crisis

http://www.budget.gov.ie/RecoveryPlan.aspx http://www.budget.gov.ie/RecoveryPlan.aspx

---