One thing about the 2015 budget is for sure: the planned €2bn spending cuts and tax hikes will be watered down for reasons both economic and political.
Ever since the Troika left late last year, the government has been making noises about easing the burden of austerity on Irish families. There is also a sense that now Ireland has ‘regained its sovereignty’, and that the economic emergency can be considered over, people are not willing to wear the hair-shirt any longer. This is precisely the message the governing parties have taken from the drubbing they received in the recent local and European elections.
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