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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Ireland: Stimulus fund does not alter Government’s fiscal stance

Posted on 17 June 2013

A sovereign wealth fund is a nice thing to have. States enjoying windfalls often set up such funds. The Irish State enjoyed huge windfall tax gains from the property boom/bubble.
While Charlie McCreevy did many bad things during his seven years at the helm of the Department of Finance, including decentralisation, benchmarking and an utterly reckless spending splurge in the two years running up to the 2002 election, his setting up of a sovereign wealth fund more than a decade ago was one of his better decisions……………………………………Full Article: Source


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