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20.09.201005:53:00UTC+00Government needs to rethink budget plan: Irish Cbank
News
Cbank said that Ireland will need to rethink its plan for cutting a bloated budget deficit after disappointments on economic growth.
Analysts expects this year's budget deficit to reach around 25 pct of GDP.
Cbank Governor Patrick Honohan said the deficit could come close to the target by 2014 if the economy stays on the originally envisaged course.
The budget and a increasingly costly bailout of its banks have concerns for investors worrying that another euro zone state may wind up in similar trouble to debt-laden Greece.