National Recovery Plan - They can’t afford to be wrong again

The National Recovery Plan, 2011-2014, published yesterday, outlines details of how the Government proposes to make €15 billion in savings.

The details of many of the cuts have not yet been spelled out, but there are grounds for suspecting ordinary people may be asked to shoulder an unfair share of the burden.

In recent days it has become increasingly obvious that it is critical — not just in the national interest, but also in the interest of the European Union — this four-year plan gets things right. The gyrations on the international markets yesterday were indicative of the importance of the plan, along with the ongoing bailout negotiations taking place between Government officials and representatives of the IMF/EU/ECB.