Household levy revolt sets dangerous precedent
The general view is that Ireland reacted most quickly to the collapse in the global economy and immediately started to put its house in order.
Since 2008 we have endured incredible fiscal pain and unfortunately we are still only two thirds of the way through the process. One way or another the pain associated with fiscal austerity will persist until at least 2015. Unfortunately also, there is little alternative. We had created a totally unsustainable fiscal situation characterised by unsustainable levels of spending and a tax base that is way too narrow.
