Ireland is Europe’s ‘comeback king’

Ireland’s reign as the destination of choice for foreign direct investment is coming to an end, according to Enterprise Ireland CEO Frank Ryan, who believes the country’s new reputation will be as the comeback king of Europe.

“Indigenous industry is going to carry much more of the weight of growing the economy than it has in the past and we are going to be the comeback kings of Europe,” Mr Ryan said.

Mr Ryan said he agreed with the assessment of former Intel chief executive Craig Barrett, who this week said Ireland would no longer be capable of attracting the historic levels of foreign direct investment.