Ireland’s government has an unusual problem: too much money
A tax windfall has added to already overflowing coffers
Across Europe fiscal policy is causing headaches. The governments of Britain and France are both raising tax rates sharply. Germany is hobbled by a self-imposed debt brake. Meanwhile, Italy’s profligate borrowing continues to unsettle investors. Ireland faces a different problem: the government is so flush with cash it does not know quite what to do with it.
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This article appeared in the Finance & economics section of the print edition under the headline “A nice problem”
Finance & economics November 2nd 2024
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From the November 2nd 2024 edition
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