ESRI warns Croke Park deal may have to be scrapped

THE Economic and Social Research Institute (ESRI) has warned the Croke Park agreement may have to be torn up as the economy faces massive cutbacks of €15 billion to correct the budget deficit.

That is twice the sum agreed by the Government and the EU Commission under the 2014 deadline.

In its latest economic review the Government think tank warns it has been forced to raise the question of the Croke Park deal and “if mandatory redundancies in the public sector might have to form part of the adjustments”.