Opposition’s economic policies will threaten prosperity, warns Cowen

THE future prosperity of the country would be under threat if Fine Gael and Labour were elected to government, Finance Minister Brian Cowen warned yesterday.

Mr Cowen said Fianna Fáil and the Progressive Democrats had delivered one of the most advanced economies in Europe from a position where almost all tax revenue was spent paying interest on the national debt and a generation of young people had to emigrate.

He warned that the spending plans of the alternative coalition did not add up and would lead to exchequer deficits and higher debt in a mere two years.