Ireland’s problem: what to do with its $14b budget surplus
More than a decade on from a crash that required the EU and IMF to step in with loans and impose a controversial austerity program, the government remains cautious.
Officials preparing Ireland’s coming budget face a situation most of their peers elsewhere would love to have: an €8.6 billion ($14 billion) surplus and an economy that grew five times faster than expected last year.
But deciding what to do with the country’s tremendous fortune is proving trickier than anticipated.
