Troika warns against tax cuts

The Troika gave the country’s economic progress a thumbs-up and maintained their advice that the Government should put unexpected extra income into cutting debt, rather than cutting tax and increasing spending.

Representatives of the country’s largest creditors — the IMF, European Commission, ECB and the bailout fund, the ESM — spent three days in Dublin.

In the first of two assessments this year, the European Commission’s statement noted that the country became the fastest- growing in the EU last year with a GDP surge of 4.8%.