Friday, February 03, 2012

Ireland cuts growth forecasts but says it will meet debt targets!

Growth this year in Ireland will fall to minus 0.7 % reports the Irish Times,but madian forecasts will nevertheless be met. Read it here if you don't believe me!

Britain's Chancellor of the Exchequer, George Osborne, has lent substantial  bankrupt British taxpayer's funds, over and above those due through the IMF and the EU arrangements, so he must presumably have faith in these people to apparently achieve the impossible - losing growth but maintaining deficit reductions, it looks like a trick he will soon urgently need to acquire.

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