EU tells Ireland to cut public debt

THE finance ministers of the 15 euro countries told Ireland in no uncertain terms that it must act immediately to cut the burgeoning public debt, putting further pressure on the Government to make cuts in next week’s budget.

They have recommended the narrow Irish tax base be broadened to create more sustainable revenue streams, and align them to reduced expenditure levels.

They also say the Government must make temporary measures, such as levies, permanent by including them in future tax rates.