Irish Economy: Ireland is faced with new challenges as the US financial sector faces retrenchment and transformation
Sep 20th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish Economy: Ireland is faced with new challenges as the US financial sector faces retrenchment and transformation. The economy has benefited enormously from both the huge growth of the US high tech and financial sectors since 1990. In the aftermath of a dramatic week for American finance, which will remain semi-socialised for the foreseeable future, the longterm consequences for the Irish economy, that is dependent on American firms for 90% of its exports, should at least alert Irish policymakers to challenges ahead, that marketing spoof from politicians and State enterprise agencies, will not provide credible solutions for.