Business Irish

Friday 13 December 2019

IDA diplomatic after 'Squawk Box' controversy

A screen grab of the interview with Martin Shanahan (far right) on CNBC’s ‘Squawk Box’
A screen grab of the interview with Martin Shanahan (far right) on CNBC’s ‘Squawk Box’
A screen grab of the interview with Martin Shanahan (far right) on CNBC’s ‘Squawk Box’.
Gavin McLoughlin

Gavin McLoughlin

The IDA has refused to criticise US television channel CNBC's 'Squawk Box' programme, on which IDA chief executive Martin Shanahan faced a controversial interview on Monday.

'Squawk Box' co-presenter Joe Kernen appeared to be unaware that Ireland uses the euro. "You have euros in Ireland? Why do you have euros in Ireland? I'd use the pound ... you guys have got to get it together over there," Mr Kernen said.

In a statement yesterday, the IDA praised Mr Kernen's programme.

"CNBC 'Squawk Box' is one of the most iconic business shows in the US, where it provides IDA Ireland with a platform to talk directly to CEOs and CFOs - these are the people making decisions on where to locate investment," it read.

"We hope to be back on the show again in the near future talking about why Ireland is a great place to do business."

CNBC declined to comment.

Irish Independent

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