Fine Gael TD Tony Mc Loughlin has said that a new survey which shows 90% of business leaders support a Yes vote in the Stability Treaty Referendum highlights the importance of a positive result in the Treaty for economic growth.
The survey, carried out by IBEC (Irish Business and Employers Confederation), is based on the replies of over 400 CEOs of companies throughout Ireland. It also found that 83% of those surveyed believe a Yes vote will have a positive impact on Ireland’s ability to attract foreign direct investment, while 87% of business leaders believe it will limit our ability to do business in Europe.
The Sligo/North Leitrim representative stated: “At the moment, 60% of our exports go to the EU. As the only English-speaking country in the Eurozone, we are in a great position to further capitalise on this market. Why would we want to put this at risk?” Mr McLoughlin, who is backing a positive vote, continued: “A Yes vote will help to deliver the certainty and stability needed for job creation. We’ve seen thousands of jobs created by companies like Apple, Mylan, Cisco, HP, Abbott and Paypal in recent months. Clearly Irish business leaders believe our ability to continue to attract this kind of investment would be severely hampered by a rejection of the Treaty.”