Setting up the National Pension Reserve Fund was one of  Charlie McCreevy’s  better decisions as minister for finance. Photograph: Frank Miller

Analysis: closing the deficit means contractionary stance must continue

High security: razor wire near Lough Erne, in advance of the G8 leaders’ arrival. Photograph: Paul Faith/PA
The power of eight

The G8 economic club is losing influence in a fast-changing world. But next week’s summit at Lough Erne, in Co Fermanagh, is still(...)

At the start: Valéry Giscard D’Estaing, Helmut Schmidt and Jimmy Carter at a G7 summit in 1978. Photograph: Keystone France/Gamma/Getty

The still-powerful club was founded as a response to the economic crisis of the 1970s

The issues the IPA highlighted two years ago as being most urgently in need of reform are being addressed “to varying degrees”.

New report finds much remains to be done in moderning central and local government

As with economic growth, forecasting with any precession the property market is impossible

Rate of immigration to Ireland remains above the broader OECD average

Obamacare, which reactionaries in the United States see as socialist, will in fact give Americans better health treatment as well as lowering costs.

Some sectors require more involvement by the state and some sectors less

Economists say  the collapse of the property market since 2007 may have led house prices to undershoot fair values. In a research technical paper, they state that prices “are back to levels consistent with or below long-run equilibrium values”.

Study says house prices may be below fair values

Meaningful checks on those yielding power are needed

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