Menu
22/01/2008
Taoiseach Remains Confident In Irish Economy
Taoiseach Bertie Ahern has told reporters in Dublin that he remains confident that Ireland's economic policies are strong enough to survive the current uncertainty in the global economy.
Although Mr Ahern told reporters that he was "concerned" about the current situation, he said that the Irish government was monitoring the situation closely and stressed that it was important not to overreact to the latest turbulence in the international markets.
The Taoiseach said that Ireland's economic policies were well thought out and very sound and could "deal with international volatility if we need to do so".
Mr Ahern's came as stocks plunged in value today at the New York Stock Exchange.
Earlier, the US Federal Reserve announced a 0.75 cut in interest rates, to 3.5%.
On Monday, trading in markets in Europe and North America had their worst day since the terror attacks on September 11, 2001, and there were also big losses on Asian markets.
There have been fears of a recession in the US, with the sharp downturn in the US economy being caused primarily by the US subprime mortgage crisis.
(KMcA)
Although Mr Ahern told reporters that he was "concerned" about the current situation, he said that the Irish government was monitoring the situation closely and stressed that it was important not to overreact to the latest turbulence in the international markets.
The Taoiseach said that Ireland's economic policies were well thought out and very sound and could "deal with international volatility if we need to do so".
Mr Ahern's came as stocks plunged in value today at the New York Stock Exchange.
Earlier, the US Federal Reserve announced a 0.75 cut in interest rates, to 3.5%.
On Monday, trading in markets in Europe and North America had their worst day since the terror attacks on September 11, 2001, and there were also big losses on Asian markets.
There have been fears of a recession in the US, with the sharp downturn in the US economy being caused primarily by the US subprime mortgage crisis.
(KMcA)
Related Irish News Stories
Click here for the latest headlines.
19 November 2024
How Ireland Became the European Hub for US Tech Firms
Over the last thirty years, Ireland has slowly and steadily become a global centre for business. In the modern era, it is a technology hub where the biggest companies in the world have chosen to make a home. Dublin is the centre of this, but other major cities like Cork are also alive with innovation.
How Ireland Became the European Hub for US Tech Firms
Over the last thirty years, Ireland has slowly and steadily become a global centre for business. In the modern era, it is a technology hub where the biggest companies in the world have chosen to make a home. Dublin is the centre of this, but other major cities like Cork are also alive with innovation.
14 April 2008
Airline Boss's Comments Dismissed
A spokesman for the Taoiseach has said that Mr Ahern remains unmoved by a budget airline boss's scathing comments about him. He is quoted as saying the Ryanair chief's unparliamentarily remarks were most definitely "unworthy of comment". Airline boss Michael O'Leary had earlier said his own kind of goodbye to Taoiseach Bertie Ahern.
Airline Boss's Comments Dismissed
A spokesman for the Taoiseach has said that Mr Ahern remains unmoved by a budget airline boss's scathing comments about him. He is quoted as saying the Ryanair chief's unparliamentarily remarks were most definitely "unworthy of comment". Airline boss Michael O'Leary had earlier said his own kind of goodbye to Taoiseach Bertie Ahern.
04 September 2019
Irish Exporters Financially Hit By Brexit - Enterprise Ireland
Brexit has cost Irish exporters more than €100,000 to date, a survey conducted by Enterprise Ireland has revealed. Surveying client companies attending International Markets Week, Enterprise Ireland found that 53% of companies say Brexit has impacted their business, with one in ten companies citing that Brexit has cost their business over €100K.
Irish Exporters Financially Hit By Brexit - Enterprise Ireland
Brexit has cost Irish exporters more than €100,000 to date, a survey conducted by Enterprise Ireland has revealed. Surveying client companies attending International Markets Week, Enterprise Ireland found that 53% of companies say Brexit has impacted their business, with one in ten companies citing that Brexit has cost their business over €100K.
21 August 2014
Former Taoiseach Albert Reynolds Dies Aged 81
Former Taoiseach Albert Reynolds has died aged 81. Reynolds, born in Rooskey, Co Roscommon, served as a minister in a number of governmental departments and was elected Taoiseach on two occasions. He has been honoured as playing an integral role in the Northern Ireland peace process. His death was announced by his eldest son, Philip Reynolds.
Former Taoiseach Albert Reynolds Dies Aged 81
Former Taoiseach Albert Reynolds has died aged 81. Reynolds, born in Rooskey, Co Roscommon, served as a minister in a number of governmental departments and was elected Taoiseach on two occasions. He has been honoured as playing an integral role in the Northern Ireland peace process. His death was announced by his eldest son, Philip Reynolds.
10 April 2008
Cowen Represents Government For First Time as Leader-Designate
Tánaiste Brian Cowen will represent the Dáil today for the first time since being selected as the next Taoiseach. Mr Cowen will preside over the Order of Business today, as the run up to his 7 May succession to current Taoiseach Bertie Ahern begins.
Cowen Represents Government For First Time as Leader-Designate
Tánaiste Brian Cowen will represent the Dáil today for the first time since being selected as the next Taoiseach. Mr Cowen will preside over the Order of Business today, as the run up to his 7 May succession to current Taoiseach Bertie Ahern begins.
-
Ireland WeatherThis Evening and Tonight:Frequent, often heavy showers of rain, sleet and snow will affect most parts this evening and overnight, but are likely to be most frequent across the northeast. Minimum temperature -1 °C.
