Business groups have been expressing concerns about the effect of recent currency movements on Irish exports.
Employers' group IBEC said the euro's recent rise was putting substantial pressure on exporters and posed a serious threat to the competitiveness of many Irish businesses.
The Small Firms Association, which is part of IBEC, said it had received several complaints from its members about a 'crisis' situation.
IBEC economist Fergal O'Brien said the euro had gained almost 20% against the dollar over the past year, while it had strengthened 15% against sterling. He said such currency movements had not been seen in more than a decade.
'Sterling is now at a level equivalent to parity with the old Irish pound and traditionally that always meant trouble for exporters,' said Mr O'Brien. Almost 40% of exports go to dollar or sterling regions. The economist called for a new focus on reducing costs - particularly pay and energy - and improving productivity in all sectors.
SFA assistant director Avine McNally also called for measures to cut business costs. She said two of its member companies had spoken of the possibility of re-locating across the border or to England if the current situation continued.
