Tánaiste Joan Burton criticises ‘frustrating’ EU fiscal strictures that limit investment

Tánaiste Joan Burton has hit out at EU spending rules branding them as “frustrating” and claimed they are limiting the Government’s scope to invest in much-need, long-term projects.

Ms Burton said EU fiscal rules are holding back capital investment at a time when Ireland can borrow at record low interest rates.

As a country that is suffering from a lack of investment over the past numbers of years, these constraints are particularly problematic, Ms Burton said.