Economic turmoil means finance ministers must rein in spending: Donohoe

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Too much supportive spending risks worsening inflation by driving up the price of services and food, Eurogroup chief warns EU leaders

Asked what this meant for cost of living supports in Ireland, Mr Donohoe said it was important that the Government had already agreed a way to end fuel excise cuts.

There would be no additional energy credits offered this year, and the next budget in the autumn will decide what supports will be in place for next winter, he said. Mr Donohoe was called to brief them as President of the Eurogroup, and informed the leaders in a letter that while the euro zone had shown resilience in the face of the Covid-19 pandemic and invasion of Ukraine, “this is no time for complacency”.

 

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As long as its not spending on refugees and ukrainians were money is no problem

Naughty Waughty Paschal the Rascal may have to reign in his own spending on Posters 😏

IrishTimes France spends and spends, on wars, guns, regime change etc. French regime hate French citizens. Like all other regimes in the collective west, hate the citizens in their own countries. EU leaders hate EU citizens, with passion.

Stop importing the World

And it took them this long to realise this? You can't just turn the economy off, pump money into it to try and keep it afloat and then expect no pain.

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