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Sat 11 Nov 2009€53bn budget to push innovative projects

MÁIRE GEOGHEGAN-Quinn’s research and innovation portfolio in the new commission is in keeping with the Government’s “smart economy” policy, a drive to modernise Irish commerce and find new focus after a risky overdependence on property.

It also finds particular resonance in the wider economic strategy of commission president José Manuel Barroso, who sees innovation as the source of new growth opportunities in the face of competition from China and other developing economies.

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