David Cronin and Daniel McCoy observe that, in contrast to most other EU member states, Ireland is fortunate to have time on its side to deal with the fiscal sustainability issues that an ageing population will present. This is so both because the Irish economy has had several years of strong...

Although Ireland has done much already to reduce its government deficit, the scale of the fiscal adjustment required means that there is still some distance to go. In international terms, Ireland's fiscal consolidation will ultimately prove to be one of the largest recorded in the Organisation...