‘Light at end of the tunnel’ promised

AS Irish bond rates stayed close to record highs yesterday, the European Commission’s internal market commissioner said he was confident Ireland would overcome its current economic difficulties.

“I am confident there is light at the end of the tunnel,” Internal Markets Commissioner Michel Barnier told the Oireachtas Committee on European Affairs in Dublin yesterday.

“If there is one lesson from the last year it is that we are all in this crisis together. What will help turn the Irish economy around again are exports and access to larger European markets.”