Written answers

Tuesday, 5 July 2011

Department of Finance

Foreign Direct Investment

9:00 pm

Photo of Bernard DurkanBernard Durkan (Kildare North, Fine Gael)
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Question 202: To ask the Minister for Finance the extent to which his European Union colleagues are conscious of issues most likely to affect foreign direct investment and economic progress with particular reference to direct access to major markets, geographic location, the future of the smaller economies within the EU; and if he will make a statement on the matter. [18984/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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My fellow European Finance Ministers and I regularly discuss at our meetings the economic situation in the EU, eurozone and in individual Member States. This includes matters of common interest with regard to foreign markets and any items which have the potential to negatively impact or delay economic recovery. In this regard, making Europe attractive for global foreign direct investment is important and forms part of the emphasis behind the EU2020 process. I will remain in regular contact with EU colleagues to continue our ongoing work in pursuing the EU's, eurozone's and individual Member States' economic recoveries, including Europe's attractiveness for foreign direct investment.

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