Exporters pray crisis lasts as currency boosts earnings

Irish exporters may be hoping the European debt crisis lingers, as the euro’s decline cushions the economy while the government plots a return to debt markets.

8th November, 2012
Exporters pray crisis lasts as currency boosts earnings
“The difference between Ireland and elsewhere is we have a vibrant export sector,” said Alan McQuaid.

Irish exporters may be hoping the European debt crisis lingers, as the euro’s decline cushions the economy while the government plots a return to debt markets.

The euro dropped 7 per cent against the dollar and the pound during the past year, boosting Irish exporters such as Glanbia, the biggest maker of cheddar cheese in the US, and fuel distributor DCC. Both companies said this week that the currency’s travails are adding to...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 6 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 6 years ago