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EU Commissioner Predicts Irish Economy Rebound

 

Updated : Jun 26, 2009

Ireland's EU Commissioner, Charlie McCreevy, says he is confident the Irish economy will rebound from the current crisis.

Mr McCreevy has been blamed for the crisis by some commentators due to his implementation of light-touch regulation in the financial sector.

Speaking to the Institute of Chartered Accountants in Dublin today, he said financial regulators had encouraged the accumulation of unsustainable debt by households, individuals and companies.

However, he said he was confident the Irish economy would recover.

 

 

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