Ibec has said voting Yes to the Lisbon Treaty would help to restore Ireland’s international reputation following its spectacular economic collapse.
On a visit to Brussels yesterday Ibec director general Danny McCoy said the poor perception of Ireland among worldwide investors is costing the country dearly.
“We are paying a huge premium in terms of borrowing money. When you are borrowing €25 billion a year, that is an extra €400 million in terms of our reputation; that’s a lot of schools and a lot of hospitals,” said Mr McCoy.