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Irish Cabinet to endorse 4-year Budget plan Sunday

THE IRISH GOVERNMENT’S four-year recovery plan for the economy will be published on Tuesday, senior departmental officials have confirmed. The Cabinet will meet tomorrow to sign off on the 160-page document, which charts how the State will reduce its outgoings by €15 billion between now and the end of 2014. It follows a marathon eight-hour meeting of Ministers on Thursday at which agreement was reached on the bulk of the final plan.

Minor details have yet be finalized, said a Government official yesterday who is familiar with the project. The Department of Finance has been pressing for the document to be published on Monday, if possible. However, it accepted that it was now more likely to be Tuesday.

The Irish Times

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May
24
Today’s Global
Market Events
8:30am

CAD
Corporate Profits q/q
9.0%
USD
Core Durable Goods Orders m/m
1.1% vs. -0.8%
USD
Unemployment Claims
372K vs. 370K
USD
Durable Goods Orders m/m
0.5% vs. -4.0%
9:00am

EUR
ECB President Draghi Speaks
EUR
Belgium NBB Business Climate
-10.6 vs. -10.7
10:30am

USD
FOMC Member Dudley Speaks
USD
Natural Gas Storage
77B vs. 61B
1:00pm

USD
FOMC Member Dudley Speaks
3:00pm

USD
Treasury Sec Geithner Speaks
7:30pm

JPY
Tokyo Core CPI y/y
-0.5% vs. -0.5%
JPY
National Core CPI y/y
0.1% vs. 0.2%