Borrowing agency aims to ease State cash crisis

THE Government will today move to ease its cash crisis by setting up a borrowing agency to raise anything up to €10 billion from the private sector over the next five years.

The move comes as it emerged that the Cabinet will hold a special pre-Budget meeting next Saturday week to review the current state of the economy.

At the same time, the Opposition is raising pressure on the Government and Finance Minister Charlie McCreevy, in particular, over their handling of the economy.