Drop Down Menu
  Search...
 

 

Sterling-Euro head towards parity 18.12.08

THE headache continued for Inishowen businesses yesterday as the euro soared to a record 93p sterling. It later fell back to 92.7p before currency markets closed. Analysts predict the two currencies could reach parity, causing an even bigger drive North-ward for Southern shoppers.
Sinn Féin candidate in next year's local elections for Inishowen, Sean Ruddy called on the Government to be "more sympathetic" to the needs of small businesses in border areas.
He said it was not as simple as Enterprise Minister and Tánaiste Mary Coughlan telling shop-keepers to cut their prices to compete.
"Retailers in the Republic have different costs to their Northern counterparts. This has to be addressed by the Government so that we can ensure the future of the Irish retail industry," said the Carn-based candidate.
"Many shop owners are paying way over the top in rent, then there is the added cost of overpriced utilities. "It is the responsibility of the Government to help Irish retailers to entice Christmas shoppers back to the South," he added.
Return to > Top Stories    > News    > Home