Anglo chief: Opposition must pass budget

Anglo chief: Opposition must pass budget

The Chairman of Anglo Irish Bank stated today that opposition parties have no option but to pass the budget.

Alan Dukes has said the need to get the deficit down by 2014 can only be done in so many ways, with the budget being an important component of that plan.

Mr Dukes also believes the Opposition will have to agree to the economic plan in order to stabilise the country's finances.

Speaking to Bloomberg, Mr. Dukes said any changes made would have to be compensated elsewhere.

"I don't think they (Opposition) have any option, but to agree to the budgetary plan and to the four-year plan," he said.

"If indeed, they find themselves in Government in the early part of next year which seems likely…they could pick holes in some of the details of those two sets of measures, but it is clear that if they want to make any changes then they would have to compensate for any changes they make by corresponding adjustments elsewhere."

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