Central Bank of Ireland urge more austerity for Irish people

Sceala Philosopher Location: Dublin

The nerve of the Central Bank of Ireland led by huge salaried Banker Patrick Honohan.

The Central Bank has warned the Government not to ease up on austerity in the Budget.
In its latest Quarterly Bulletin, it said there had been discussion about scaling back fiscal consolidation.
But the Central Bank warned the Government that "this temptation must be resisted".
It said Ireland's debt and deficit levels remain "very high" and called for full implementation of the planned fiscal adjustment of €5.1bn over the next two years.

The Central Bank has also significantly cut its forecast for economic growth.
It said GDP growth will be 0.7% this year, which is down from its earlier projection of 1.2%.
However, it believes unemployment will be lower than expected at 13.7% this year, which is down from its earlier forecast of 14.5%.

Elsewhere, Minister for Finance Micheal Noonan has said Budget 2014 will be tough.
Mr Noonan said while there are signs of some flexibility emerging, he still has to make adjustments of around €5 billion over the next two Budgets.
He was speaking in Limerick where the University of Limerick announced a €224m capital investment plan over the next five years.
Mr Noonan said the Central Bank's re-evaluation of its growth forecast was totally predictable.
He said the CSO had marked down its growth rates a month ago and it was obvious this would follow through.
The minister said he was pleasantly surprised that its growth forecasts for 2014 were marked down "just slightly" from 2.4% to 2.1%
He said he can live with a Budget based on a growth rate of 2.1%.
From rte.ie

Imagine anyone of credibility taking the advice of the bankers of the Central Bank Of Ireland led by huge salary Banker Patrick Hoolahan.
Could not even get a quote on a coin right!
Irish Community Images

The actual line from the third chapter of Joyce's work, published in 1922, does not contain the word "that" in the second sentence, and simply reads: "Signatures of all things I am here to read."

At the launch, central bank Governor Patrick Honohan said: "The coin's design, combining portrait and concept in an original manner, reflects Joyce's standing as one of the leading figures in the modernist movement."

Bullshitters, a load of bankers making it up as they go along. It is they and their over paid kind who are the ones who got us into this mess.

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Central Bank of Ireland urge more austerity for Irish people