Minister defends funding for horse and greyhound racing

Minister John O`Donoghue is defending a decision to give an extra 300 million euro to a hardship fund for horse and greyhound racing. The total amount to be paid into the fund over time is capped at just over 250 million euro. This however can be varied by joint order of the Minister in charge of racing and The Minister for Finance. Former Finance Minister Charlie McGreevy agreed to sign the order to double the amount already allocated in what was one of his last acts before taking up this new position in Europe. Minister O`Donoghue has defended the huge increase in funding by saying that without the money the industry would face severe financial difficulties and jobs could be under threat.