Oireachtas Joint and Select Committees

Thursday, 17 January 2013

Joint Oireachtas Committee on European Union Affairs

Europe's Youth Unemployment Crisis: Discussion

2:30 pm

Photo of Dominic HanniganDominic Hannigan (Meath East, Labour) | Oireachtas source

Mr. Cosgrave mentioned that we have excellent State organisations doing great work. I met officials from the IDA yesterday and they have had a particularly successful year in attracting foreign direct investment. I am aware of new investments in County Louth from PayPal and YapStone. At the annual gathering of the 150 tech founders, Mr. Cosgrave must come across a great many people who are interested in relocating and perhaps locating in Ireland. Could the IDA do anything to entice higher levels of investment or can the chambers of commerce do anything to attract foreign direct investment in Ireland?

The Government is progressing the idea of the youth guarantee during our Presidency term. Does Mr. Cosgrave have any thoughts on how this might work in practice and how effective it might be in ensuring we keep young people from the trap of long-term unemployment?

Mr. Cosgrave mentioned the benefits of investing in small companies and start-up ventures. Does he have an opinion on a specific youth entrepreneurship fund solely for young people who are interested in starting their own companies?

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