Virtually everyone of voting age in Ireland can remember what happened in 2008, when the worldwide financial crisis destroyed the "Celtic Tiger" bubble of the '90s and left the country virtually bankrupt,

Fianna Fáil and Fine Gael have been rewarded by voters who believe they have managed the economy well. Buoyed by strong corporation tax receipts, Ireland is running a budget surplus of at least €23 billion (£19 billion). As a result, all parties have committed to substantial increases in public expenditure, both current and capital.

Ireland faces weeks of coalition talks before it gets a new government, as the country’s two major center-right parties work to form a stable administration. With all but a handful of seats filled in the 174-seat legislature on Monday after three days of counting election ballots,