Waterford financial crisis ‘blown out of all proportion’

Waterford County Board chairman Tom Cunningham has described suggestions of a financial crisis in the county as being “blown out of all proportion” despite the fact they are reportedly €677,000 in debt.

Cunningham made the remarkyesterday when asked if Croke Park had been asked to lend its assistance before going on to describe the matter as “minor” and adding that it was “all being dealt with”.

“We spent a lot on development of Walsh Park and Dungarvan, but it is very controllable,” he said before adding the board hope to have the debt cleared in up to six years. “Everything is well under control.”