The Economic Policy Council considers that the scale and timetable of the budgetary adjustment are a step in the right direction, but criticises the fiscal policy objectives

The government’s fiscal policy is one of gradual tightening and government spending cuts of almost four billion euros over the government term.  Tightening fiscal policy will dampen economic growth, but is essential since government spending and revenue are not in long-term balance. Even after the spending cuts, the forecast is for a substantial deficit in […]