Comment Re:Why does Ireland have a "National Investment Fu (Score 2) 194
It was set up to counteract a projected shortfall in pensions in the future - it was known as the National Pensions Reserve Fund until it was raided to pay for the banking crisis during the economic crash post 2008.
In short it is a function of government as they are giving very generous pensions to public servants and hoping that future taxation will pay for it is stupid - make current taxation pay and at least our children will not be left with a huge bill