Dr. Ivana Capozza:

I echo what Mr. McCabe has just said. It was mentioned during a previous intervention that, to be fair on a global level, Ireland should reach the target even earlier than indicated. All countries have their own responsibilities. The fact that China, the US or India are not doing their jobs is not an excuse not to act.

It would be very hard for the OECD to say not to consider fiscal spending rules. Of course, this is not OECD wisdom so I will not say that. However, it is true that the EU is opening up many opportunities and these should be used as much as possible. Ireland has a recovery and resilience plan, which will use at least 37% of the fund for the green transition. Ireland could be even more ambitious in that respect. Opportunities are also there in negotiating EU funds for the next multi-annual six-year programme.

There are opportunities there, even meeting the fiscal standing rules. Each crisis can be an opportunity to put aside the fiscal rules. The OECD would say that that is a dangerous path, but voilà.