November 7, 2024
Ireland’s government has an unusual problem: too much money

Ireland’s government has an unusual problem: too much money


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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