Fianna Fáil and Fine Gael both put out identical statements last night to the effect that constructive discussions have been held and that the two parties will “now commence in depth detailed talks”. Both parties will also continue discussions with the Green Party.
Initially, it was thought that government formation would not occur until after Easter, but it now appears that talks will be significantly accelerated. Goodbody Stockbrokers warn that important decisions will need to be made over the coming weeks that will require a government with a working majority to push through.
According to Goodbody, "With the virus expected to be a temporary phenomenon, there are longer-term political considerations in the government formation talks, especially around wider healthcare issues and housing. Therefore, coming to an agreed conclusion on a programme for government will not be easy, but the stakes for failing have just got larger."