STATE-RUN DEBT COLLECTION AGENCY: An alternative to cuts and taxes

A State-run debt collection agency would reap huge sums for the Exchequer, says Juno McEnroe

IRELAND still has to continue belt-tightening until the books are balanced. At the very least, this will see a further two budgets with a mix of cuts and taxes loaded onto people before the next predicted general election.

Such consolidation could see ministers go looking for savings out of the economy amounting to €2bn next year and the year after. No final decision on the consolidation has been made yet though.