After only a few days of negotiations, the Labour Party and Fine Gael have approved a coalition government based on imposing savage attacks on the working class and the poor.
The proposals outlined represent not just a continuation, but an intensification of the measures implemented by the outgoing Fianna Fáil-Green Party coalition that saw both parties savaged at last month’s general election.
The tasks of the new administration will be to impose deep cuts to public spending, mass layoffs and to ensure the continued bailout of the financial elite.
The coalition programme commits to reducing the public deficit to less than three percent of GDP by 2015, a year longer than Fine Gael advocated in the election. It maintains plans to slash spending by €6 billion in the next year, while making a vague reference to the possibility of the targets being redrawn for the 2013 budget.
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