Report: Eurozone problems hindering Ireland's recovery

Financial problems in Greece, Spain, Portugal and Italy are hampering Ireland's economic recovery, according to a new report from Ernst and Young.

The report said, while Ireland is emerging from recession, the pace is slower than expected.

It said economic growth here next year will be the second highest in the Eurozone at 2.8%, but it could take over 10 years for employment levels to recover.

The study says the peak employment levels recorded in 2007 will not be seen again until 2022.