As I wrote in my last column, at some point the Covid-19 crisis will end. When it does, the period of disaster relief that has characterized our fiscal response to the crisis will also end. The state has agreed with its citizens to suspend the laws of economic gravity, but the suspension is only temporary. Here’s one measure: The Irish Parliamentary Budget Office estimates Leo Varadkar’s government have allocated €6.7 billion in response to the crisis over the last five weeks. To put that in some scale, the fiscal space assumed for the next five years during the election was…

Want to read the full story?

Unlock this article – and everything else on The Currency – with an annual membership and receive a free Samsonite Upscape suitcase, retailing at €235, delivered to your door.

Subscribe

Cancel at any time.

Are you already a member? .