Stephen Kinsella: Ditch discredited policies of austerity and save economy
THERE are around 180,000 small and medium enterprises (SMEs) in Ireland, employing more than 900,000 people.
That's 69pc of the workforce, worth more than €40bn to the Irish economy every year. SMEs are the drivers of Irish economic growth over the short and medium term.
A recent EU survey found Irish SMEs were much more likely to be innovative than their average EU counterparts, but the growth in sales of 'new to market' and 'new to firm' innovations were well below that of the euro-area average.