Thursday 8 December 2016

Brendan Keenan: Hole in public finances can only be closed by 'burning' citizens

Published 17/02/2011 | 05:00

ON a clear day you can see forever, the romantic song says. In a week or so, the electoral dust will begin to settle and we will be able to see the landscape a bit more clearly. How far ahead we can peer, though, is open to doubt, but we will have to try.

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The landscape may change very quickly. The critical EU summit is only a month away. The European Union is not the place to get anything done quickly, but something will have to happen and, while the March summit may not finish the job, it will have to continue on the road to a more stable framework for the single currency.

Other things will be happening too. Next month is meant to see the final tally for losses and capital requirements at the Irish banks.

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