Donal Donovan

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Prof John McHale, chairman of the Irish Fiscal Advisory Council (right), with chief economist Diarmaid Smyth at a briefing on fourth Fiscal Assessment Report, at Whitaker Square, Dublin, yesterday. Photographer: Dara Mac Dónaill

The Government should not reduce the size of the packages of spending cuts and tax increases scheduled for the next two budgets, according to t(...)

Professor John McHale (left)  and Donal Donovan of the Irish Fiscal Advisory Council, which has recommended the Government continue with spending cuts and tax increases for the next two years. Photograph: Brenda Fitzsimons/The Irish Times

The Government should not reduce the size of the packages of spending cuts and tax increases over the next two budgets, according Irish Fiscal (...)

People withdrawing their savings recently from a Laiki bank machine in Athens, while newspapers bear headlines about the Cypriot crisis.  Photograph: Louisa Gouliamaki

It will take considerable time before the full ramifications of the recent Cypriot deal are known. However, some commentators have suggested th(...)

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