From FT Alphaville: Ireland’s prime minister was busy introducing his post-bailout government’s four-year fiscal plan at pixel time. There is a lot to chew on. For starters, the questionable assumption that 2.5 per cent GNP growth will cushion fiscal cuts right up to 2014.
In other fiscal cuts news — VAT is going up, minimum wages are going down, but the critical 12.5 per cent corporate tax is staying put. And there are just too many job cuts to count……………………………………….Full Article: Source