Noonan soothes investor fears

FINANCE Minister Michael Noonan yesterday expressed his confidence that Europe will find a way of resolving Greece’s debt crisis and that any “contagion effect” on Ireland would be avoided.

Mr Noonan hosted an IDA and Enterprise Ireland-organised breakfast meeting with potential investors at the New York Stock Exchange yesterday morning.

He was in New York as part of a four-day trip to the US. He reassured investors that Ireland’s situation differs from that of Greece and maintained the Government’s steadfast commitment to the 12.5% corporate tax rate.