Brussels still shaping Ireland’s economic strategy

Europe Letter: EU expectations will colour Paschal Donohoe’s summer statement

Minister for Public Expenditure Paschal Donohoe greets Dutch finance minister and president of the eurogroup Jeroen Dijsselbloem. Photograph: Olivier Hoslet/EPA

Minister for Public Expenditure Paschal Donohoe greets Dutch finance minister and president of the eurogroup Jeroen Dijsselbloem. Photograph: Olivier Hoslet/EPA

Paschal Donohoe, our new Minister for Finance, got his marching orders in Brussels this week. Well, sort of.

Two precooked reports on Ireland were approved with barely any discussion (at this stage anyway) – one by the 20 eurogroup ministers on Monday, and the other, the full 28 Ecofin group on Tuesday. They spelled out clearly – more or less off the same hymn sheet, it would seem – the detailed economic strategy that our partners expect of us and will colour both Donohoe’s summer statement on Thursday and the next budget.

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