Ireland’s Taoiseach defends its case to investment funds industry

Ireland’s An Taoiseach Enda Kenny has argued the country remains open for business, speaking to an audience at the annual Irish Funds Industry Association, in an effort to reach out to the wider investment funds industry against its beleaguered domestic economy.

Growth in Ireland’s investment funds industry will underpin future growth against the economic challenges it faces, the Taoiseach sought to relay in his message.

In the first address the Irish prime minister has given to its financial services industry since taking office, he said: “The Irish economy and Irish people face challenging times, but we’re facing these challenges head on. We will emerge from this crisis stronger than ever.”

The government’s key tasks will be deleveraging Ireland’s main banks, shrinking those down to two core institutions, stimulating jobs within the confines of the bailout deal struck with the IMF and EU, and addressing the size of public spending to 2012, he said.

“Ireland is meeting all of its international commitments, and will continue to do so,” he said.

“I want to demonstrate and prove that Ireland will continue to be seen as the best small country in the world in which to do business,” he added.

The Taoiseach said that will be achieved by lending an ear to the investment funds industry, as he invited the audience to approach him and the government directly on matters they think can be improved.

He said the Irish government will pursue structural changes to free up and open the doors for business to flourish, creating a favourable environment.

“If you feel there are further opportunities, feel free to contact me. This is what good government should be about,” he said.


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