WITH the aim to build confidence in the Irish economy, Brian Lenihan has said that the government has agreed €1 billion of the # billion cuts that will be announced at the December 7 budget.
The Finance Minister has said that “the budget will not just be about the public finances, but in addition to that the budget will contain measures to boost the economy”.
Mr Lenihan was in Brussels to discuss for talks on the future of Anglo Irish bank as the nationalised bank is €8.2 billion in the red and facing a €25 billion euro bail out. Of the options available as to the future of the bank, Mr Lenihan is said to favour that of a 10-year wind down of the bank. EU chiefs will give their decision over the coming weeks.
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