Economist fears more budget cuts to pay back debts

Economist fears more budget cuts to pay back debts

It is feared Ireland may need to cut billions more from the budget to pay back its debts.

Up to €15bn worth of painful cuts have already been announced between now and 2014 in order to pay back the EU and the IMF following the bailout.

But economist Jim Power has said this will not be enough, because Ireland's debt will be in the region of €250bn by then:

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