Professor Michael McMahon:

Like most commentators looking at Ireland, both from within and outside of Ireland, we have accepted the distortions in our GDP measures and have moved to a measure that tries to remove those. The GNI*, the gross national income with some adjustments, is the measure we use. It is the measure the Department of Finance now uses and it is the measure that most international bodies would use. The problem with the EU rules is that they wanted one rule to apply to all countries and GNI* is really an Irish issue.