Cillian Doyle Part I of this series examined Mario Draghi’s recent proposals for reforming the E.U.’s economic model. It explained how one key tool was missing from his new industrial policy toolkit. That missing tool was public enterprise. Here in part II, we take a closer look at commercial State-Owned Enterprises (SOEs). Particularly regarding their role at … Read more
This article is the first in a forthcoming three-part series by Cillian Doyle on the role of the state in a mixed economy. Last month there were two seemingly unrelated events which in an Irish context can be connected. On September 9th Mario Draghi’s published his 400-page report on improving E.U. competitiveness. The report provides … Read more
In December the Irish Fiscal Advisory Council (IFAC) published a comparatively critical review of the government’s Budget 2024. Criticisms of ‘bad budgeting’ arose from the ‘lack of transparency,’ and the use of ‘fiscal gimmickry.’ IFAC defined the latter as ‘creative accounting techniques’ used to make the numbers ‘look more favourable than they are.’ The Irish … Read more