Wednesday, 25 April 2012

German MPs mull min-Budget for Ireland

German MPs have seen and discussed sensitive documents relating to the Irish bailout before the Irish Government has seen them with discussions on whether Ireland will need a mini-Budget in the middle of this year, Sinn Fein said today.

Its Finance spokesperson Pearse Doherty has described as "deeply troubling" today's news that the German Parliament's Finance Committee was discussing the as yet unpublished European Commission review of the Irish bailout programme.

"Today we have learned that once again the German Parliament is discussing sensitive documents relating to the Irish Troika austerity programme before the Irish public, members of the Dail or Finance Committee have even seen them. An as yet unpublished European Commission review of the Troika programme was discussed by the German Parliamentary committee. Among the items discussed was a commission view that the Irish state may require a mini budget for 2012," said Mr Doherty.

"It is deeply troubling that yet again German Parliamentarians know more about the details of the Troika's austerity programme in Ireland that elected Irish politicians."

"It is also worrying that the European Commission appears to be recommending greater cuts and tax hikes. Sinn Fein has been warning of this for some time. We have repeatedly said that unless there is a change of direction Ireland may not meet its Troika targets and a mini budget may be necessary. If today's reports are true our fears will have been confirmed."

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