A leading economic expert has said the Government should generate money through a property tax rather than through hiking income tax in next week's Budget.

Tens of thousands more will flee Ireland next year as the chances of recovery hang on the outcome of the eurozone crisis, a leading think-tank has warned.

Anglo Irish Bank chairman Alan Dukes has said he believes that the €35bn bailout fund for Ireland's banks from the EU/IMF rescue package may not be enough.

The Government needs to double its savings to a massive €15bn over the coming years to meet its own targets, a stark forecast warned today.