Seanad debates

Thursday, 19 June 2003

OECD Economic Survey of Ireland 2003: Statements.

 

The strength of the euro, which is a cause of difficulty for some indigenous industries such as, for example, the mushroom industry, can, on the other hand, be a benefit for some multinationals. I was informed this morning that the ideal situation for the firm to which I referred earlier would be a strong euro, a weaker sterling and a weak dollar. The company's prices are calculated in dollars, so if it get more dollars for its euro, it will obviously make gains.

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