‘Research and development investment will reap rewards’

EUROPE has the ideas, the experts, the companies and the markets but is losing out on creating millions of jobs and turning around its flagging economy, Commissioner Máire Geoghegan-Quinn said.

She is planning to prime the pump of future growth by bringing together all the elements and getting them to work together.

The former Fianna Fáil minister appealed to the Government not to cut research funds in the coming budget, but to invest in research and development as Finland did in its crisis and is now reaping rich rewards.