Market turbulence ‘would derail recovery’

IRELAND has to “hope” there will not be further turbulence in the financial markets that would derail economic recovery, according to Taoiseach Brian Cowen.

The Taoiseach told the Dáil the “only way” to create jobs was to make the economy more competitive and insisted the Government was focused on that.

“All actions of Government are about making sure that growth comes back to the economy. And in the second half of this year it has been confidently predicted that it will,” Mr Cowen said.