‘Europe to get a finance ministry’

EUROPE requires and is going to get its own minister for finance, economist Alan Ahearne predicts.

At the Shannon Chamber of Commerce president’s lunch at Dromoland Castle, Dr Alan Ahearne said setting up the new ministry doesn’t mean all the tax money raised here goes to Brussels.

He said: “Some of it will be ring-fenced and sent into a pool at the centre of the euro area.”