Annmarie Fertoli is an Associate Producer at WNYC, working with the afternoon news team to produce All Things Considered.
Ireland Releases Budget Plan to Reduce Deficit
Wednesday, November 24, 2010
Ireland has released a new budget plan, designed to save the country billions of dollars over the next four years. Details of the plan come days after the country applied for a multi-billion dollar rescue loan from the European Union and the International Monetary Fund.
Speaking on BBC News, Finance Minister Brian Lenihan said the plan would "plot a course to sound, sustainable growth in the four years ahead of us." According to The Associated Press, the $20 billion plan to cut the nation's deficit includes layoffs, new taxes, and reductions to welfare benefits and the minimum wage.
Final details of the EU/IMF loan are still being worked out. According to The AP, its final sum is expected to reach $115 billion.