Irish businesses can drive recovery, IBEC tells Rehn

EU Economics Commissioner Olli Rehn was told by employers' group IBEC today that Irish enterprise remained resilient, diversified and well-positioned to drive recovery.

Danny McCoy, director general, told the Commissioner the scale of Irish business and its capacity to drive the recovery is under-appreciated.

“Ireland has a strong enterprise base and doesn’t face the same need for fundamental structural reform as other economies but it essential that we maintain a strong incentive to work,” Mr McCoy said.

“We have a lot more to do to restore our economic fortunes, but significant progress has been made.”