PostHeaderIcon Rehn backs target but says difficult decisions remain


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Ireland begins austerity drive with six billion euro savings
Ireland will cut six billion euros from its budget in 2011 under an austerity drive to save the debt-ridden eurozone nation 15 billion euros over four years, the government said on Thursday.The EU hailed …

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Rehn backs target but says difficult decisions remain
EUROPEAN REACTION:EU ECONOMICS commissioner Olli Rehn warned that “difficult” decisions remained to be made as he welcomed as “appropriate” the Government’s adoption of a €6 billion target for cutbacks and taxation measures in next year’s budget.

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