Wednesday 7 December 2016

Spreading out the pain

Published 23/10/2010 | 05:00

IT is difficult to understand why the Fine Gael and Labour finance spokespersons have refused to sign up to Brian Lenihan's harmless sounding declaration of joint intent to reduce the deficit to below 3pc by the year 2014.

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Perhaps it is a symptom of the deep suspicion and mutual distrust that permeates all corners of the Oireachtas, even within parties, these days.

After all, Michael Noonan and Joan Burton have already lent verbal support to the target set by the European Commission. But as Samuel Goldwyn famously said: "A verbal contract ain't worth the paper it's written on."

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