Editorial

Wednesday 23 July 2014

Finally some light at the end of a very dark tunnel

Published 15/02/2013|04:00

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While last week's bank debt deal may not turn out to be a game changer, it was still a serious fillip for our struggling economy.

And it was that very rare thing. . . a good news story.

Then on Wednesday the Central Statistics Office released figures that showed exports at their highest levels in a decade.

There were other positive signs too, in the shape of positive results from Aer Lingus and DCC.

To exhume a hackneyed phrase – which has been banished after gross over use – we are witnessing real signs of green shoots.

Then came yesterday's huge job announcement for the north east, a region of the country that is in badly in need of a break.

Welcoming the 450 jobs pledged by eBay for Dundalk, Taoiseach Enda Kenny said he hailed the news as a vote of confidence in the Irish economy.

And he said he expected further investment in the wake of the bank debt deal struck with the European Central Bank.

He added that the reaction to the deal had been "quite extraordinary" and had restored Ireland's international reputation in terms of its seriousness about dealing with economic problems.

The Taoiseach was playing to the gallery here, of course, and making as much political capital out of last week's breakthrough as he possibly could.

But 450 jobs at any time would be a reason for cheer.

Considering where we're coming from economically, it is indeed a cause for celebration.

Irish Independent

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