‘Fiscal space’ uncertainty could lead to ‘big bang’

The term “fiscal space” has been causing much puzzlement and speculation of late.

The Oxford English Dictionary (Concise) tells us that “space” means, among other things, “a continuous unlimited area or expanse which may or may not contain objects”.

Our “space” may, or may not, contain €3 billion or less or even €12 billion depending on who you listen to.

Or could it just be that in exploring this “fiscal space”, newly appeared out of the black hole of debt and recession, we are simply in the realm of (science) fiction?

Let us hope, in any case, that we can avoid a big bang!

James N. O’Sullivan

Limetree

New Road

Killarney

Co Kerry