| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 Asia Economy


How to use our RSS feed

Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.


Finfacts is Ireland's leading business information site and you are in its business news section.

We provide access to live business television and business related videos from: Bloomberg TV; The Wall Street Journal; CNBC and the Financial Times. Click image:


Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax 2008

Climate Change Reports

Global News

Bloomberg News

CNN Money

Cnet Tech News


Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News




Content Management by interactivetools.com.

News : Irish Last Updated: Jul 27, 2009 - 9:16:58 AM

Survey says Irish CEOs believe Lisbon Treaty rejection damaged Ireland's international reputation
By Finfacts Team
Jul 27, 2009 - 6:49:44 AM

Email this article
 Printer friendly page

An image of the planned new headquarters of the European Central Bank in Frankfurt. The construction is expected to be completed by 2011.

IBEC, the Irish employers' lobby group, today released the preliminary findings of a new survey of over 300 Irish CEOs from across the country, which found that 84% believe last year's Lisbon Treaty rejection damaged Ireland's international reputation. The survey also found that that over 98% of the CEOs believe that EU membership has been important to the success of Irish business. Among companies with over 50 employees the figure was 100%, while for companies with fewer than 50 employees the figure was 97.6%.

The results of the survey are unlikely to be a surprise.

Since the defeat of the referendum in June 2008, the European Central Bank has given massive support to Ireland. There are of course comfortable commentators and others who believe that Ireland can oppose what the rest of the European Union has compromised on, while still rattling the tin ponny for help.

The most bizarre position is the Irish lecturing Europeans on democratic accountability given the track record of  public support for a broken political system at home, where the buck stops nowhere.

Commenting on the survey, IBEC Director of EU and International Affairs Brendan Butler said: "At a time of great economic turbulence a question mark hangs over our reputation and our relationship with Europe. A yes vote is an essential step on the road to economic recovery and will send a very positive signal to our European and international partners.

"When we voted on the Treaty in June last year 100 people a day were losing their jobs, now almost 600 jobs are being lost each day. We face enormous challenges and we must focus on protecting as many jobs as possible. We have an opportunity on October 2 to send a clear message to our European and international partners that we want to play a full and active part in a reformed Europe.

"By removing the uncertainty that currently exists we will ensure that Ireland remains an attractive location for foreign investment, while Irish companies will gain improved access to the European market of over 500 million people.

"The Treaty will protect key national interests and reform the EU to face the challenges ahead. Our ability to set our own tax policy is guaranteed along with arrangements concerning foreign direct investment. This means that Ireland will remain among one of the most attractive places in the world to invest.

“It is vital that Ireland is at the heart of a reformed and better-functioning EU. The Treaty will reform how decision are made in the EU so that Europe can remain an engine for economic growth and prosperity. It will enable the EU to responded faster to the challenges ahead, such as energy security, global health threats, the rise of India and China as economic forces, and climate change. This is vital for the success of business in Ireland.

“Our relationship with the US is of critical importance. There are currently 470 US companies operating in Ireland, which provide over 95,000 well paid jobs. These companies set up here because of our favourable tax rates, our well-educated dynamic English speaking workforce and, crucially, because of Ireland's constructive and engaged membership of the EU. A second 'no' vote would create uncertainty and send a very worrying signal back into the boardrooms of US companies, where decisions are made about future investment in Ireland.”

Related Articles
Related Articles

© Copyright 2007 by Finfacts.com

Top of Page

Latest Headlines
Ryanair revises up full-year profit guidance
AIB bank profitable in third quarter
Ryanair announces half-year profits up 32% to €795m
Ryanair benefits from improved customer service
Ryanair to buy 100 new Boeing 737 MAX 200
Finfacts server migration Thursday
State-owned Allied Irish Banks reports H1 2014 profit as bad loan charges plunge
Ryanair reports profit in its financial first quarter soared 152%
UK firm opens van dealership in Dublin
Ryanair reports 8% fall in full-year profit; US services to commence in 2019
Global Financial Centres Index: New York overtakes London; Dublin slips to 66 of 83 cities
Bank of Ireland reports “significant” improvement in 2013 results
Sale process of IBRC UK projects Rock and Salt completed
CRH says 2014 will be year of profit growth after reporting 2013 loss
Ryanair reports third-quarter loss
Irish Water says it saved €100m in setup costs
RSA Insurance fires two Irish executives for large loss/ accounting irregularities
Bank of Ireland will have to raise provisions by €1.4bn; AIB says it's "well capitalised"
CRH reports slightly improved third quarter
Central Bank says ownership of Newbridge Credit Union transferred to permanent tsb
Ryanair reports H1 profits rose by 1% to €602m
Dublin Web Summit: Irish Stock Exchange and NASDAQ OMX announce dual listing plan
Irish pension managed funds returned to growth during September
Dan O’Brien resigns as economics editor of The Irish Times
Central Bank says no action required on Anglo tapes revelations
Ryanair flew 9m passengers and Aer Lingus carried 1.1m in August
UK Competition Commission says Ryanair must cut Aer Lingus stake to 5%
CRH reports H1 2013 revenue dip and loss
Vodafone refunded UK after discovery of Irish tax haven deal
RBS reports half year profit; Ulster Bank posts reduced loss
Bank of Ireland cuts pretax losses in HI 2013 to €504m
Irish State-owned Allied Irish Banks reports losses of €758m in H1 2013
Service Announcement
Irish managed pension funds declined in June
VHI reports 2012 surplus of €54.3m; Health insurance made loss
Ex- Elan director says management / board "not competent to run a business"
Aer Lingus to put €140m in employees pensions fund; Ryanair apoplectic
Wednesday Newspaper Review - Irish Business News and International Stories - - May 22, 2013
Tuesday Newspaper Review - Irish Business News and International Stories - - May 21, 2013
Ryanair, Europe’s biggest low cost carrier, announced Monday record annual profits of €569m - - up 13%