Belfast Telegraph

Saturday 12 July 2014

Credit crunch on Newry menu

Giving food for thought were (from left) Gregory Tosko, CBRE, New York, Mike Smith, economist, University of Ulster, Michael Gibbons, director of BNP Paribus, former Taoiseach Bertie Ahern TD, Debbie Rennick, ACT Venture Capital, Professor Richard Peiser, Harvard University and Hungarian journalist Zoltan Farkas

One of Northern Ireland’s most prominent property development companies is putting something new on the menu — the credit crunch.

ParkerGreen is to hold quarterly dinners at which panels of experts will debate how to respond to the economic crisis gripping the world.

At the first such event in Newry, Dr Gerard O’Hare, MD of ParkerGreen International, said politicians cannot be expected to become economists overnight and bankers cannot be expected to look beyond their own difficulties.

He added: “We should not rely on these people alone to solve the global crisis we are facing. Leadership comes from a cohesive approach from the wider community.

“This event afforded an opportunity for our guests to share and exchange new ways of thinking.

“From this approach what we have experienced here is real ideas being generated and discussed.”

Dr O’Hare revealed that regular “credit crunch” dinners will be held at various locations around the world where the company has strategic interests. His views were echoed by former Taoiseach, Bertie Ahern, who is a member of the company’s interntional advisory board, who said: “Now is the time for everyone to work together to come up with ways to stimulate the economy. No one body can work in isolation to solve this crisis.

“This event was an excellent way of giving a wide spectrum of individuals the opportunity to have their say, debate the issues and come up with solutions tailored towards their individual or organisational circumstances.”

Around 200 people from the financial, political, media and voluntary sectors attended the function.

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