Finance Minister Paschal Donohoe has given his first grim warning that tough times are on the cards because of the war in Ukraine and the worsening cost of living crisis.
He said: “We’ve acknowledged that recession is a risk.” Mr Donohoe was speaking to reporters yesterday morning ahead of giving a briefing on the cost of living situation to the 27 EU leaders at the European Council meeting in Brussels
He was speaking in his role as president of the Eurogroup of finance ministers. The Taoiseach also spoke to reporters on his way into the same meeting, admitting that the risk of a serious downturn had arrived.
