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Friday 14 December 2018

Noonan quells fears on Greece

MINISTER for Finance Michael Noonan (right) reassured investors that Ireland will not feel any "contagion effect" following Greece's debt crisis.

Potential investors were told that Ireland's situation differs from that of Greece and Mr Noonan emphasised the Government's commitment to the 12.5pc corporate tax rate -- which is supported by the European Commission and the IMF.

"We're very open, we're very competitive, we're very export driven, we don't have a lot of trade with Greece and we have no banking connections with Greece."

Mr Noonan hosted an IDA and Enterprise Ireland-organised breakfast meeting at the New York Stock Exchange yesterday. He travelled on to Washington DC to meet with the acting head of the International Monetary Fund, John Lipsky, to discuss the implementation of the bailout deal.

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