A new tax regime will be among the issues EU Economics Commissioner Olli Rehn and Finance Minister Brian Lenihan will discuss when they meet this evening in Dublin.
The Minister is expected to brief Mr Rehn on the four year budget plan which will set out exactly how the government plans to find the €15 billion it needs to cut from the deficit by 2014.
In the week Irish government debt continued to rise towards pariah status on the money markets, the man charged with regulating Europe’s banks and financial institutions said he believed Ireland would rebound, but on a very different basis to the past.
The future must be based on the country’s real assets of educated people, research and development, developing the SME sector and agriculture.
New measures to curb the powers of Credit Rating Agencies, including making them liable for mistakes, are being floated by the European Commission.
Internal Market Commissioner Michel Barnier on a one day visit to Dublin told the Oireachtas Joint Committee that he was ready to tackle conflicts of interest and create greater competition in the ratings business.
EU Economics Commissioner Olli Rehn will discuss details of the four year budget plan during a two hour long meeting with Finance Minister Brian Lenihan on Monday.
The Commission expected to receive the government’s outline this week showing how it intends to cut the budget deficit to 3% of GDP by 2014.
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