The Government of Ireland's Budget for 2007 will be presented by the Minister for Finance Brian Cowen T.D., on Wednesday, December 6th, 2006.
The Governing Council of the European Central Bank (ECB) will meet on the following day and is expected that its key interest rate will be raised to 3.5% - a 75% rise in 12 months.
Irish inflation is expected to exceed 4% per annum and with a property boom providing Cowen with an average of a €100,000 in taxes from every housing unit built in the State in addition to billions in stamp duty on other transactions, there will be a bonanza to soften up disgruntled voters, months before a general election that has to be held by June 2007.
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