Howlin reiterated the Government's commitment not to cut public sector pay, "if the Croke Park Agreement works".
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Howlin's father was a trade union official who served as secretary of the Irish Transport and General Workers' Union in Wexford for 40 years.
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Taoiseach Enda Kenny, Finance Minister Michael Noonan, Tanaiste Eamon Gilmore and Public Expenditure Minister Brendan Howlin were reportedly furious with Prof Honohan's failure to close the deal as had been expected.