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The Colum McGrath Breakfast Show

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Hayes believes more austerity now will help escape bailout easier

The Junior Finance Minister says Ireland should plough ahead with more austerity than is strictly needed.

Brian Hayes says Ireland should try to surpass the EU’s budget targets for 2014 – a move which will mean a bigger budget and more austerity.

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The minister says Ireland has built up a reputation of always beating its targets, and shouldn’t stop now.

Minister Hayes says overcoming the targets will make it easier to escape the bailout and borrow money independently.

 

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