Bloomberg News

Ireland’s Noonan Says European Leaders Remain ‘Behind the Curve’

November 24, 2011

Nov. 24 (Bloomberg) -- Irish Finance Minister Michael Noonan said European leaders need to step up their efforts to contain the region’s fiscal crisis.

“The comprehensive strategy announced by euro-area heads of state or government at end-October was designed to address the problem,” Noonan said at an event in Dublin today, according to an e-mailed copy of his speech. “We in Europe remain behind the curve and more needs to be done.”

He also said that latest Irish economic indicators “provide grounds for some cautious optimism,” calling exports a “significant source of growth” for the next years. “We are very conscious of the risks to the outlook, especially in the near-term” and “the biggest risk comes from wider euro-area developments.”

To contact the reporter on this story: Joe Brennan in Dublin at

To contact the editor responsible for this story: Simone Meier at

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