Ireland’s lost economic decade still haunts budget policy
Cliff Taylor: Paschal Donohoe has options but faces effects of years of underinvestment
Taoiseach Leo Varadkar and Minister for Finance Paschal Donohoe. Photograph: Dara Mac Dónaill
Recent Irish governments have had to grapple with the cost and the fallout of economic failure. Finally, in 2017, we are back to somewhere like we were in 2007, with the budget roughly in balance. But the lost economic decade has taken a toll, and one of the key challenges facing the new Taoiseach and his Minister for Finance is dealing with this.