Central Bank report shows 'eight more tough budgets': McDonald

Opposition parties have said that a new report from the Central Bank confirms that Ireland is in line for 8 more tough budgets in order to comply with EU treaty rules.

Opposition parties have said that a new report from the Central Bank confirms that Ireland is in line for eight more tough budgets in order to comply with EU treaty rules.

A paper published by the bank today sets out the steps which will have to be taken by the present and future Governments in order to comply with the EU fiscal treaty.