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Lisbon Treaty will get us back on track - CEOs

A new survey of Irish chief executives show that 85% of respondents are dissatisfied with the Government's handling of the economy.

The second quarterly Business and Finance CEO survey also reveals taht over three quarters of respondents (77%) do not think that the Irish banks should be temporarily nationalised. 54% believe that NAMA will not sort out the banking problems.

62% of business bosses who took part in the survey think that reform of the public sector is the most important factor in making the Irish economy more competitive.

But an overwhelming majority of chief executives see ratification of the Lisbon Treaty as the single most important factor in getting the economy back on track.

28% of company bosses believe that the unemployment rate will reach 14-15% by the end of the year and 62% of respondents believe the worst is still yet to come in the current downturn.

However, 38% of respondents think we have now reached the bottom compared to just 14% when the last survey was carrried out three months ago.