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Bord Snip economist calls for deeper Budget cuts

Bord Snip economist Colm McCarthy has said the Government needs to cut even more than the planned €3.6bn in this December's Budget.

Mr McCarthy – the author of the draconian An Bord Snip Nua report - said Ireland needs to focus on getting our borrowings to ground zero as soon as possible, in order to get our financial independence back.

And he said we need to cut deeper than set out in the EU and IMF bailout.

Otherwise we could find ourselves in a situation as bad as the one Greece now finds itself in.

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