30 December 2011, 18:20  SFA: Stay at heart of Europe

The Small Firms Association says it is essential that a credible solution is found to the euro zone crisis as the continued market turbulence in the markets has a knock-on effect on the real economy. In its end of year statement, SFA chairman Ian Martin said the Government must ensure that Ireland remains at the very heart of Europe. He pointed out that two-thirds of the SFA's members view membership of the euro as very important for their continuing business success. He also urged the Government to ''really turn its attention to the enterprise sector and develop a comprehensive enterprise and jobs support strategy early in the New Year.'' Small businesses need improved cashflow generally and a lowering of costs, including reduced commercial rates, energy costs and the cost burden of regulations. ''Despite the fourth year in a row of difficult market trading conditions, businesses continue to show that through hard work, innovation, optimism and entrepreneurial talent, the challenges their businesses have faced have been dealt with head on, difficult decisions have been taken in a timely manner and their mind-set is now turning to exploiting the opportunities that this crisis is leaving in their wake,'' Mr Martin said. He says there were now 200,000 small firms in Ireland, employing 655,000 people, with 12,000 new businesses being created every month.

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