Saturday November 28, 2020

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
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“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...

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