Ireland Announce Austerity Measures, Plan to Exit Bailout

Yahoo Finance
Ireland Announce Austerity Measures, Plan to Exit Bailout

View gallery

7 photos


Ireland unveiled its seventh straight austerity budget Tuesday, a plan to slash 2.5 billion euros ($3.4 billion) from next year's deficit and pave the way for the nation to escape from its international bailout.

Finance Minister Michael Noonan told lawmakers he was confident that Ireland can resume normal borrowing on bond markets at affordable rates by December, when the country's bailout funds run out.

View Comments (0)