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03/09/2009
Consumer Confidence 'Third Lowest' In EU
Confidence in the Irish economy is the third worst in Europe, according to a survey, published today.
The Eurobarometer survey revealed that just 6% of people here think the economic situation is 'good'.
Only Hungarians at 5% and Latvians with 2% have less confidence, while the EU average is 20%.
The Irish view of the economy has declined by 83% since spring of 2007.
The survey also shows that 69% of Irish people think membership of the EU has been good for the country, the fourth highest rate in the EU, while 57% have a positive image of the EU.
This morning, Government Minister Michael Martin put forward his support for the European Union, saying it was instrumental in creating the prosperity Ireland had seen up until last year.
"Membership of the EU has been central to Ireland's development and provided the fundamental basis for our remarkable economic advancement since the early 1990s," Minister Martin said.
Mr Martin said that when Ireland joined the EEC in 1973, Ireland's GDP per capita was just almost half of the European average. At that time, 54% of our exports went to the British market, with only 21% going to the rest of Europe.
Mr Martin said: "By the end of 2007, Irish GDP per capita had reached 144% of the EU average.
"Only 18% of our exports now go to the UK, compared with 45% which go to the rest of the European Union.
"Ireland's membership of the EU and participation in the Single European Market has been the most significant factor in ending our country's economic dependence on Britain."
(DW/BMcC)
The Eurobarometer survey revealed that just 6% of people here think the economic situation is 'good'.
Only Hungarians at 5% and Latvians with 2% have less confidence, while the EU average is 20%.
The Irish view of the economy has declined by 83% since spring of 2007.
The survey also shows that 69% of Irish people think membership of the EU has been good for the country, the fourth highest rate in the EU, while 57% have a positive image of the EU.
This morning, Government Minister Michael Martin put forward his support for the European Union, saying it was instrumental in creating the prosperity Ireland had seen up until last year.
"Membership of the EU has been central to Ireland's development and provided the fundamental basis for our remarkable economic advancement since the early 1990s," Minister Martin said.
Mr Martin said that when Ireland joined the EEC in 1973, Ireland's GDP per capita was just almost half of the European average. At that time, 54% of our exports went to the British market, with only 21% going to the rest of Europe.
Mr Martin said: "By the end of 2007, Irish GDP per capita had reached 144% of the EU average.
"Only 18% of our exports now go to the UK, compared with 45% which go to the rest of the European Union.
"Ireland's membership of the EU and participation in the Single European Market has been the most significant factor in ending our country's economic dependence on Britain."
(DW/BMcC)
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