Burton refuses to rule out reduction in social welfare cuts

Minister for Social Protection Minister Joan Burton has said any possible easing of austerity measures is going to be a roundtable discussion.

It follows comments by EU Commissioner Ollie Rehn at the G20 in Washington yesterday that Europe will ease austerity in a bid to accelerate growth.

Speaking at a Saint Vincent De Paul conference in Dublin today, Minister Burton refused to rule out seeking a reduction in her own Department’s targeted spending cuts.

Reports during the week suggested that she would seek a reduction in the €440m target set for social welfare cutbacks in October’s budget.

However, the Labour Minister did say the Troika now acknowledges that they got their original approach to austerity wrong.

Ms Burton said: "They got the calculation of the impact of the cuts in expenditure wrong.

"There was an economic model which they said, with some confidence, would produce growth, but it hasn't produced growth to the level that they estimated.

"In fairness to the IMF they have been very intellectually honest about that."

More in this Section

Taoiseach likely to defy Dail vote calling for closure of communications unit

Investigation into how water container at HSE dental clinic became contaminated 'inconclusive'

Peter Robinson calls on NI parties to return to negotiating table

Man found guilty of sex attacks on two women over four year period

Today's Stories

Bankers face pay penalty over tracker mortgage overcharging scandal

Calls to money advice helpline hit six-year high

Fears for Ireland as border talks go on

Man charged over damage accused of ‘copycat’ offence


New father’s life ‘changed forever’ after he was run over by surgeon

The biggest cancer killer will take your breath away

Hopefully she had an idea...

Power of the press: Meryl Streep and Tom Hanks discuss 'The Post'

More From The Irish Examiner