Economy shows signs of return to growth – O’Keeffe

Batt O'Keeffe

THE domestic economy is showing strong signs of a return to growth and the Government’s four-year plan is the only credible roadmap for economic recovery, according to the Minister for Enterprise, Trade and Innovation, Batt O’Keeffe TD.

Minister O’Keeffe was speaking following the release of the latest data from the European Union’s statistics office, Eurostat, which shows that Irish growth is the fastest rate of expansion among eurozone members.

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Farm incomes slump

Michael Creed

Michael Creed

FINE Gael Agriculture Spokesperson, Michael Creed TD, said Eurostat farm income figures released today shows that the average fall in EU farm incomes is one third of the income drop endured by Irish farmers in 2009.

“The massive slump in EU farm incomes last year is confirmed in today’s Eurostat figures and it is clear that Irish farmers are suffering more than most. While EU farm incomes fell last year by an average of 11.6 per cent, Irish farm incomes fell by 30 per cent.  In fact Ireland’s farm income decline is the third worst in today’s survey, only behind Hungary and Luxembourg.

“Irish farmers are being squeezed out of existence by low prices, high costs and Government cuts.  Promises from Government to address the imbalance of power between retailers and food suppliers have so far come to nothing.

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