Three economists have accused the Government of misleading people over the need for extra cuts and taxes in the event of a No vote in the fiscal treaty referendum.
Prof Terrence McDonough of NUI Galway insisted there would be “no disaster” in the event of the need for a second bailout. Prof McDonough argued recently in The Irish Times that the treaty made reform less, not more, likely.
“It is the adoption of the budget provisions of the treaty which is risky and dangerously experimental. Change is needed in Europe, but the fiscal treaty strategy is being adopted instead of these needed changes,” he said.
full article at source: http://www.irishtimes.com/newspaper/breaking/2012/0516/breaking37.html
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