Danny McCoy Interview
“Our health system get’s a lot of rap but I think the outcomes are very effective. We see in terms of longevity, the experience of people in the medical sector can be quite good. I’d argue very good. You might say it’s inefficient. We tend to lock in business and life by getting into the efficiency argument immediately. We say ‘that’s a disgrace, the children’s hospital is costing more than it was supposed to’. That’s incidental if you don’t have the hospital.”
DANNY MCCOY ON...
The Health System
Ibec CEO Danny McCoy and former Ibec President Edel Creely launch National Workplace Wellbeing Day earlier this year
“The greatest thing a government can do for business, particularly small businesses, is ensure the sustainability of the economy. There really has to be an emphasis on public infrastructure like motorways and housing stock – small businesses will be in this trap like everyone else. As mush emphasis needs to be on the supply side of the economy as on the taxation breaks that people are talking about. Equalisation in the labour market of entrepreneurs versus paid workers is long overdue and an anomaly that shouldn’t be there.”
“While Irish people place very little stock in the European Parliament, it is a very powerful institution. The likelihood, given what’s been happening in the EU26, is that there will be a lot of rightwing radicals in the European Parliament. It will be incredibly significant to have a very changed European context in the future.”
“THE IRISH GOVERNMENT, I BELIEVE, HAVE IN RETROSPECT PLAYED A VERY CONSISTENT AND STRONG ROLE AND ARE TO BE COMMENDED FOR THAT. I THINK THAT HAS LOCKED IN THE FULL SUPPORT OF THE OTHER EU26.”
“Britain has been one of the most dynamic global economies in the last 20 years and it was also expanding in terms of its scale. So for Irish businesses, especially SMEs, it’s been one of the best markets with which to trade. You have a lot of public discourse asking ‘why are Irish companies still so dependent upon the UK?’ In contrast to other parts of Europe, it is by far the most dynamic. They’re the closest to us geographically but also in terms of culture, standardisation of products and taste.” McCoy says we have benefited greatly in terms of foreign direct investment into Ireland since Britain even began to contemplate a referendum on EU membership. “That is one of the big explanatory reasons why the Irish GDP in 2015 resulted in a 26 per cent volume growth or 34 per cent value growth. Normal economies can’t grow by a third in one year. Economies that have a huge tsunami of resources, either through oil or the modern equivalent of oil, which is intellectual property, can and do – Ireland is that economy.” So, to pin him down, what kind of Brexit deal does he predict?
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