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“Commission report on Irish economy revealed to Bundestag,” headlines the Irish Times, after it emerged that sensitive information concerning the Irish economy has circulated in the German parliament before being made public in Ireland itself. The European Commission document warns that a global economic slowdown in 2012 could lead to further “fiscal tightening” in Ireland and see next year’s planned return to financial markets “evaporate”. It also demands “a revised asset sale programme after dismissing the Government’s original plan as ‘not sufficiently ambitious,’” the Dublin daily notes.
This is the second time a European Commission report about the Irish economy has been released to the Bundestag, raising fears that Ireland’s economic sovereignity has all but vanished following the €85 billion EU/ECB/IMF bailout of 2010. It follows the disclosure last November of the national budget in advance of a formal announcement on the part of the Irish government. The Irish Times notes that the leak –
… came at an awkward moment a day after the decision to hold a referendum on the European Stability Treaty.
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