Bill Gates backs Ireland to bounce back from austerity programme
Billionaire praises Chuck Feeney’s contribution to education
Microsoft billionaire Bill Gates has praised Ireland’s efforts to recover from the collapse of the Celtic Tiger – and claimed the Irish economy will bounce back within two to four years.
Recently surpassed as the world’s richest man, Gates has told Irish state broadcaster RTE that he is confident the country will come through the EU-IMF austerity programme.
The Irish Times reports that, in a pre-recorded interview with the new Morning Edition programme, Gates described Ireland as a ‘good example’ of a country which can recover from austerity.
The Microsoft founder predicted that it could take between two to four years before Ireland fully recovers from the recession.
Gates said: “It could be the short end of that time frame if the euro zone recovers.
“As you’ve had to make cuts and trade-offs, slowly but surely those strengths are showing through compared to other countries.
“Ireland really has a lot of strengths. Austerity is tough but eventually it will come to an end.”
Regarded as a major supporter of Ireland since he established a Microsoft presence in Dublin in 1985, Gates was quick to praise the Irish workforce.
He added: “We came here because there were a lot of smart people available.
“There had been pressure to locate in Scotland or Switzerland, but many factors came together, most notably the ability to get people into Ireland who had foreign language skills.”
After visiting Ireland last week, he insisted the decision was not just about the corporation tax rate.
He added: “Ireland has taken a one-time gigantic hit as a percentage of GDP to bailout the banks but the basic quality of the workforce and the attractiveness as a place to live are still shining through.”
Gates identified third-level education as the best way for a country to be competitive and praised Chuck Feeney’s investment in Irish education.
The report states that, despite having already given away $28 billion of his personal fortune, Gates is still worth $64.3 billion.
He was surpassed in wealth by the Mexican billionaire Carlos Slim recently but said: “I would still have that problem of being the richest man in the world had I not given money away.
“I’m solving that problem as fast as I can.”
Gates also told RTE that progress on meeting the UN Millennium Goals had been accelerating.
He said: “Reducing abject poverty by half is well ahead of schedule and childhood death rates have been halved.”
- Gay wedding cakes latest target of anti-gay...
- Racist incidents in Ireland up by 85 percent...
- An open letter in strong defence of capitalism.
- A Magdalene Laundry US adoptee who holds...
- Irish radio presenter suspended after anti-Isra
- Nelson Mandela was against IRA decommissioning.
- Families as well as Catholic Church and governm
- Baby dies in horror birth at Belfast hospital...
- Gay teacher fired from Catholic school after...
- Sarah Palin is saving Christmas
I know of one very Irish guest house operated by an Irish couple in Connecticut, near my wife's hometown. She and I have spent a few nights there arouNelson Mandela once considered a terrorist by many Irish political leaders
You should hear in the USA the right wng extremists calling Nelson Mandela all kinds of names and insults...........Why because he is black. These riVirginia governor slammed by doctor over plain cigarette pack rejection
YOur welcome to smoke - and take a decade off you life from lung cancer, throat cancer, nicotine scaring the arteries which provides places where plaAn open letter in strong defence of capitalism to Pope Francis
I'm not caht but he's a great guy, especially compared to his past extremist right wing German pope As for capitalism, in the USA, the gap between th