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Brian Lenihan and Olli Rehn at their press conference in the Department of Finance yesterday evening, gave a strong quote from the Irish Exporters Association 3rd Quarter Review 2010.
Exporters of Ireland are the way out of our economic morass
Again making it clear that you the exporters of Ireland are the way out of our economic morass .
Full copies of the IEA 3rd Quarter Review are on the IEA website , it was extensively covered by RTE TV and all the radio stations , when launched in late October.
Report from Irish Gov Press Service on yesterday conference below;
Published on Monday 8th November 2010
“United national effort needed” Brian Lenihan
FINANCE Minister Brian Lenihan and EU Economic and Monetary Affairs Commissioner Olli Rehn have met in Dublin tonight to consider the emerging 4 year budgetary plan.
Mr Rehn arrived in Dublin this evening at the start of a 24 hour visit that will also see him meet the leaders of opposition political parties .
The 4 year plan, to be published by the Government by the end of November, will map out the measures required to bring Ireland’s public finances back to “sustainability”.
At a press conference after their meeting, Mr Rehn endorsed the Government target of reducing the deficit to below 3% of GDP by 2014 and he insisted that ‘front loading’ the fiscal adjustment – in other words making a correction of €6 billion in December’s budget – is “essential and correct”.
Mr Rehn was asked a range of questions about his intentions when he meets with the leaders of opposition political parties tomorrow, and was asked about the need for a political consensus around the 4 year budgetary plan.
Mr Rehn said it would be of “great benefit for Ireland if a broad political support for the necessary consolidation measures and structural reforms could emerge and could be developed”. Mr Rehn spoke of the fact that Ireland’s strengths “are too easily forgotten”. The country has “strong economic fundamentals” and speaking of the potential for recovery, he said “Ireland has done it before. Ireland can do it again”.
Mr Lenihan addressed the economic fundamentals when he stressed the recent economic performance of the country. In the 3rd quarter of this year he said – according to figures from the Irish Exporters Association – Ireland exported €40.4 billion worth of produce, a 9.3% increase on last year. Mr Lenihan also stressed the need for unity, saying that what is needed now is a “united national effort to confront the difficulties that we face”.