Economic Incentives

Ireland is set to leave the Excessive Deficit Procedure next year.  This is the “corrective arm” of our fiscal rules and is based on bringin...

The cost of a ‘Yes’ vote as a result extra austerity that will be forced on us if the Treaty on Stability, Cooperation and Governance has b...

Much of the early part of the referendum campaign has been focussed on the possible implications of the Treaty on Stability, Coordination an...

The emphasis of the original Stability and Growth Pact was entirely on insuring that deficits did not exceed the 3% of GDP threshold, and it...

The issue of whether the Fiscal Compact will mean additional austerity in the post-2015 period has generated some heat in the referendum deb...

We pretty much know what is in store for us when it comes to fiscal adjustment over the next three years.  Here is a table take from last we...

Article 3 of the Treaty on Stability, Cooperation and Governance states countries are to aim for a structural budget deficit of no more tha...

Today Irish Times carries an opinion piece from Prof. Terence McDonough of NUIG on the Treaty on Stability, Cooperation and Governance.  It...

Here is an extract from a Department of Finance document: “The underlying (structural) budget balance […]  respects the terms of the Stabi...

The issue of whether Ireland will have access to official funding after the current €67.5 billion of loans from the EU/IMF have been drawn d...

Today’s meeting of the Oireachtas EU Affairs sub-committee on the Stability Treaty had Sinn Fein leader Gerry Adams in front of it to prese...

The upcoming referendum on the Fiscal Stability Treaty (FST) has brought the fiscal rules contained in the treaty to the forefront of our at...

The previous post looked at some possible implications of the forthcoming EU fiscal rules on budget balances.  In theory, counter-cyclical ...

There have been some suggestions recently that the revised fiscal rules which all 27 EU members have already agreed to as part of the revise...