Ireland Faces More Layoffs, Higher Taxes With Latest Austerity Measures04:41
Download

Play
This article is more than 7 years old.
A "Cash for Gold" sign in Dublin city center, Ireland is a sign of the continuing financial crisis there. (AP)
A "Cash for Gold" sign in Dublin city center, Ireland is a sign of the continuing financial crisis there. (AP)

It's shaping up to be a pretty low-key Christmas in Ireland this year - again.

The lavish office holiday parties, all the rage during the days of the Celtic tiger, have long been out of fashion. This holiday season is a time of layoffs, budget cuts and a sales tax increase.

The Irish government this week announced another round of austerity measures aimed at sustaining the country's slow recovery that required an $85 billion bailout from its euro zone partners last year.

Public spending will be cut by billions of Euros, public sector workers will see layoffs and everybody will have to pay more in sales taxes.

Guest:

  • Ruth McDonald, BBC

This program aired on December 7, 2011.

Support the news

+Join the discussion
TwitterfacebookEmail

Support the news