Debt crisis: as it happened - February 1, 2012 The Institute for Fiscal Studies has urged the Government to consider a £20bn fiscal stimulus in the event of the eurozone break-up, saying a possible plan B should be outlined in the Budget.
Debt crisis: as it happened - February 2, 2012 US Fed chairman Ben Bernanke warns that the country must rein in spending and create a sustainable budget in order to avoid a debt crisis similar to that seen by Italy and Spain in the eurozone.
Plan spend may be lower than Budget estimates for 2011-12 Though the Centre's fiscal consolidation story is taking a hit, Plan expenditure is likely to provide some respite. In the Budget, expected to be tabled by mid-March, the Plan expenditure is likely to be scaled down in the revised estimates for 2011-12, compared to Budget estimates.
Brussels discovers a new black hole in Greek finances PRESSURE on Greece's recession-stricken economy has intensified after international debt inspectors admitted an additional €15 billion ($18.4 billion) would be needed to fill a newly discovered black hole in the country's finances.
DoF set to continue fiscal consolidation THE DEPARTMENT of Finance (DoF) will continue its fiscal consolidation this year to strengthen the economic fundamentals of the country as the global environment continues to worsen.
