The Vice-President of Global Operations Louise Phelan is to address Dundalk Chamber of Commerce at lunch this Thursday about the upcoming arrival of Paypal and the forthcoming Stability Treaty Referendum
At the invitation of Fine Gael Louth Senator Jim D’Arcy, Vice -President of Global Operations in Paypal, Louise Phelan, will address a Dundalk Chamber of Commerce lunch this Thursday on the arrival of Paypal in Dundalk. It is expected that Ms. Phelan will also speak on the forthcoming Stability Treaty Referendum.
“I am delighted to have been able to facilitate this very important lunch meeting which Louise Phelan has agreed to address. Paypal’s arrival in Dundalk last February saw the creation of 1,000 new jobs in the area, making the company a very significant player in the local economy and indeed the North-East Region. “Continuing to attract job creating investors to Dundalk and the north east is essential to the region’s recovery. By voting Yes vote in the Stability Treaty Referendum we can build on the confidence that has been growing in Ireland over the last year and tell the world that we are serious about our country’s future and getting our economy back on track.
“A Yes vote will ensure that sensible budgetary rules are adhered to, not just by Ireland but by all European Member States. It will also ensure access to a funding backstop in the form of the European Stability Mechanism, if we need it in the future. This will further increase the chances of Ireland being able to go back to markets, helping us further along the road to regaining our economic sovereignty. Most importantly, however, a Yes vote will send a strong signal to foreign investors, such as Paypal, that Ireland continues to be a good place to invest.
“Investor confidence in Ireland has been high in the last year and foreign companies have been responding to the Government’s efforts to get the country back on track. We have seen numerous multinationals such as Paypal, Google, Microsoft, Amgen and Abbott Pharmaceuticals creating and expanding operation here in recent months.
“If we are serious about our future, about encouraging investors that Ireland is a safe bet and about ensuring jobs for our children, we cannot be complacent in relaying the importance of voting Yes on 31st May to the electorate.
“A Yes vote will help build a working Ireland by protecting investment, stability, and recovery. I look forward to attending the lunch on Thursday, listening to Ms. Phelan, who represents foreign investors in Ireland, and to calling on the people of Dundalk to make their vote count by voting in favour of Ireland’s future and the upcoming Stability Treaty Referendum.”