The one certainty is that the resolution of the nation's unprecedented demographic challenge will require hard choices and that the future performance of the economy will depend on those choices. No changes will be easy, as they all will involve setting priorities and, in the main, lowering claims on resources.
Changing dynamics in the supply and demand of market liquidity, combined with the use of leverage and the larger size of the sector, mean that market shocks can be amplified and transmitted to a greater and more rapid extent than previously has been the case. The financial system in Ireland is heavily weighted towards the non-bank sector, including investment and money market funds.