Ireland cannot ignore the warnings of stock markets

The best way to insulate Ireland from any fallout from the potential of more global market turmoil, following this week’s Wall Street sell-off, will be to balance the books and invest in public services, according to Finance Minister Paschal Donohoe.

After a speech to Ibec business leaders on the ‘New, New Economy’, he told reporters the “best sources of strength” lay with investing in the country.

Mr Donohoe told the Ibec gathering of Government plans to spend €100bn over 10 years.