Coalition ‘on right track’ for growth

The Government has introduced the right kind of policies to create sustained economic growth that is not dependent on the financial sector, according to ECB executive board member Yves Hersch.

Coalition ‘on right track’ for growth

“However, I trust that this good news will not give rise to complacency, as Ireland continues to face considerable challenges on several fronts. These include further repair of both public and private sector balance sheets.

“They include reducing the still high rates of unemployment for the long-term unemployed and the young. And they include restoring the functionality of the banking sector, so that it supports rather than hinders the domestic economy as it emerges from the crisis,” he said, speaking at a seminar in Dublin organised by the Institute of International and European Affairs.

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