Leaked European Commission documents given to the German Parliament reveal Ireland may need a mini budget this year
Documents leaked to the German Parliament and seen by Bloomberg reveal that Ireland may need a mini budget in 2012.
The documents are a European Commission report on the Troika's work to date and were issued to the Bundestag by the German Federal Ministry for Finance. The European Commission report says that the growth outlook in Ireland could continue to "deteriorate significantly" and "additional fiscal tightening" may be needed.
A spokesperson for the Department of Finance confirmed the authenticity of the documents, saying they are scheduled to be published tomorrow.
Sinn Fein's Pearse Doherty has said his party are demanding to know why the German Parliament is discussing documents about Ireland before Ireland has had a chance to discuss it. Doherty says he's also calling on the Taoiseach to confirm what he knows about the European Commission's views on a mini-budget.
More: Bloomberg : Ireland Told by EU It May Need More Budget Cuts to Meet Targets