Meanwhile the reported level of 'happiness' is the highest since early 2010.
We all know that one swallow does not a summer make: but maybe the egg has hatched?
However, while fiscal consolidation can contribute to enhancing confidence, there is a risk that large fiscal consolidation and, if this were to occur, excessive bank deleveraging hampering lending into the real economy may have a negative short-term effect on demand before the positive impact of healthier public finances and reforms to boost growth materialises.Nevertheless, there's a handy table of initiatives each country could undertake to get back to a growth path: with Ireland unique in having opportunities to improve the quality/provision of infrastructure.
We now live in the post-nationalist, post-Christendom, post-Enlightenment, post-modern world. A whole worldview has gone, and we are far from sure yet what is replacing all these ‘posts’. And we may well be living now in a post-capitalist world, just to add to the uncertainty and the vulnerability. We are on a different planet from that of the Covenant in 1912 and the Rising in 1916. It is the angst, the insecurity and uncertainty, the fears around living in this ‘post’ 21st century world that might drive some to commemorate Covenant and Rising as the recovery of some paradise lost, some imagined identity, some lost power base or shattered dream. So commemoration is getting back to the past, or an interpretation of the past, a re-enactment that looks back to a romanticised past, recovering a paradise lost, which is really a desperate attempt to allay our angst, fears, insecurities and uncertainties. And such commemoration may become aggressive, militant, a show of militarism.