Chief banker calls on Government to introduce more savage cutbacks

IRELAND’S chief banker has warned the Government to look again at its plans for the anxiously awaited upcoming budget.

Patrick Honohan, the governor of the Central Bank, suggested even more savage cutbacks than already hinted at are necessary.

Urging an “explicit reprogramming” of the public finances over the coming years, Mr Honohan said international lenders still need convincing the country is on the right path to recovery.