Ireland needs 'resolute action' to recover from West's worst recession
Cowen tells global Irish forum that governmnent needs help
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Ireland is taking "resolute action" to try and recover from the worst recession in the West.
Irish Taoiseach (Prime Minister) Brian Cowen told the Global Irish Economic Forum in Ireland that his government has already made "significant corrections."
“We’ll take further difficult decisions required and we also have to deliver economic recovery by doing so,” he said.
Cowen told the forum that Ireland plans to spend €54bn buying real-estate loans to try and clear out the so-called toxic assets.
About 180 people of Irish descent are gathered at Farmleigh in Dublin to brainstorm ways to help Ireland recover from the economic crisis.
Ireland's Foreign Minister Micheal Martin said Ireland needed to learn from Israel.
He said the peace process had been the "anchor" of the Irish-American relationship but that new anchors needed to be found to maintain the relationship.
"We are conscious that the Israelis have been particularly effective," he said.
There are nearly 70 million worldwide who claim Irish descent and the forum was seen as a 911 call to the key figures overseas.
Business leaders from as far away as Australia gathered in the Irish capital at their own expense to try and help Ireland think its way out of the financial mess.
"Any business or government strategy is only as good as how its implemented, so I think that will be the challenge," said Alan Joyce, the chief executive of Australian airline Qantas said.
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Everyone disregard my post that is unfinished. I hit enter by mistake, sorry.Spanish judge slams Ryanair’s sexist air hostess calendar
Chuck I didn't realize that you had a great sense of humor, that was to funny. I actually had to watch it two or three times before I came to my decisThe New York Times questions Ireland’s highly-praised economic recovery
Maybe the Times should question Obama's recovery.Bah! Humbug! The ten worst things about Christmas (PHOTOS)
And to you Chuck a very Merry Christmas and a Happy New year. I have my New Year resolution already and that is to stop antagonizing you, enough is en