‘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.