Irish Examiner View: Government stimulus package a definite step on a very unclear path

Finance minister Paschal Donohoe with public expenditure and reform minister Michael McGrath at the media briefing on the July stimulus plan in Government Buildings. Picture: Julien Behal Photography

There has been a broad welcome for the Government’s €7bn stimulus package announced this week. Its ‘borrow and spend’ approach follows a general consensus here, and across Europe, that the only way to revive Covid-battered economies is to spend.

Nobody wants to see a return to the austerity measures of 2008, so it’s not surprising that the largest-ever injection of cash into the Irish economy would be, on the whole, well-received.