Bono and Windmills to save Ireland
Our panel of economists share their insights into how Ireland might resurrect its stricken economy
Head of policy at Dublin thinktank TASC
Ireland has huge capacity in terms of renewable energy, particularly in wind and wave. Because of our location on the periphery of Europe, we're the first land to be hit by those winds off the Atlantic. We could be a net exporter of energy. But instead, we're one of the countries in the European Union, most reliant on non-renewable energy. There's some investment in sustainable energy. But it's nothing like sufficient. There needs to be multiples of what's happening now for us to be a significant player.
Research professor, Economic and Social Research Institute
Our cultural exports, bands like U2, are probably not trivial. People have heard of Ireland and are more inclined to do business here because they know something about Ireland, or at least they think they do.
I think keeping corporation tax low has more chance, but then I don't believe in leprechaun and Blarney stones.