Coalition spending plan faces European Commission and European Central Bank reprimand in Brussels

The Coalition last night received only a mild reprimand from the joint forces of the European Commission and the European Central Bank over its late spending splurge this year and its tax-cutting and expenditure increases budget next year.

However, the Irish Examiner understands Brussels will deliver a much sharper rebuke to the Government’s pre-election budget when it publishes its ‘opinions’ next week on draft budgets across the eurozone.

The country officially emerged from its three-year €67.5bn bailout at the end of 2013.