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Collaborating with University of California through Career Development Fellowship
Monday, 7 July 2014
Shane Browne, a final year PhD student at the Network of Excellence for Functional Biomaterials (NFB) at NUI Galway, has been awarded an Irish Research Council International Career Development Fellowship under the ELEVATE scheme. The award will cover his postdoctoral research at the University of California, Berkeley, USA to collaborate with Professor Kevin Healy for two years. The aim of this initiative, co-funded by Marie Curie Actions, is to allow Irish-based experienced researchers who have gained most of their research experience in Ireland to carry out research at an International Host Organisation. The scheme requires researchers to spend a mandatory one year return phase at a returning Host Organisation of their choice in Ireland. Shane will spend a third year at the NFB at NUI Galway to complete his fellowship. The project involves novel methods of treating limb ischemia which occurs when the blood supply is lost to a limb. Delayed treatment of the condition leads to morbidity, amputation and even death. Shane’s research will involve promoting new blood vessel growth to the limb using biomaterials in Professor Healy’s Laboratory. Professor Healy’s work focuses on the interface between biology and materials science to develop engineered systems to explore both fundamental biological phenomena and new applications in translational medicine. The research group at Berkeley is highly interdisciplinary, incorporating researchers from the fields of bioengineering, materials engineering, medicine, and molecular biology. Currently, Shane is completing his PhD which is funded by Science Foundation Ireland (SFI), under the supervision of Professor Abhay Pandit studying treatment of myocardial infarction (MI). He has received multiple rewards for his postgraduate research including a German Academic Exchange Service (DAAD) fellowship and European Molecular Biology Organization (EMBO) travel fellowship. His current project involves using a collagen biomaterial system, which has been developed at the NFB, for the delivery of anti-inflammatory and pro-angiogenic gene therapy to damaged heart tissue. The aim is to improve functional recovery of the heart muscle by modulating the inflammatory response following MI, and by subsequently promoting the formation of new blood vessels. Cardiovascular disease is the leading cause of morbidity in the developed world, and yet there is currently no treatment available to patients to promote the regeneration of infarcted myocardium. One of the NFB’s goals is to develop biomaterial-based cardiac gene therapy to reduce scarring and promote regeneration of the myocardium following MI. This approach could ultimately benefit patients at risk of heart failure and lead to reduced morbidity and improved heart function following MI. -ends-
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NUI Galway Student Awarded Gold Medal at New York Festival Awards
Monday, 7 July 2014
NUI Galway PhD student, Thérèse McIntyre, was recently awarded a Gold Medal for Best Radio Programme in the 'Educational' category at the recent New York Festival Awards Gala. Thérèse was awarded the Gold Medal for a series of radio shows she made while doing her PhD at NUI Galway. Thérèse, originally from Detroit in the US, came to Ireland in 1996 to pursue independent studies of the various aspects of Irish traditional culture - music, song, and dance - with a particular focus on the song tradition. She has spent several years collecting songs, both in the English and the Irish languages, from various areas throughout Ireland and America and worked with individuals who are well known both inside and outside of the tradition. Thérèse’s particular area of research allows her to combine her academic strengths in Irish Studies and History with her longstanding personal interest in Irish traditional song and ballad. Thérèse was part of the first group to graduate from the Centre for Irish Studies with a Diploma in Irish Studies in 2002. She subsequently received her BA in History and English from NUI Galway (2008) and recently completed her Masters in Irish Studies, also at NUI Galway (2009). Her Masters thesis, titled ‘Another Martyr for Old Ireland’: Historical ‘Fact’ versus Folk Memory - Kevin Barry as a ‘Hero’ in the Irish Ballad Tradition’, examines the legitimacy of using the narratives contained within songs of the ballad tradition as valid sources of historical information, particularly with respect to figures such as Kevin Barry, who essentially have been marginalised by historians and also explores the song’s influence on the social memory of modern-day Ireland. In 2009, Thérèse was awarded an Irish Research Council for the Humanities and Social Science (IRCHSS) Scholarship. Her PhD, which commenced in October 2009, is titled ‘Historical ‘Fact’ versus ‘Folk’ Memory: The Creation and Representation of ‘Heroes’ in Irish Traditional Song and Ballad'. The series 'Herosongs', based upon Chapter One of the PhD project, is an eight part series is an Athena Media production for RTÉ Radio 1. Presented by singer and academic Therese McIntyre, who traces the journey of ballads from the 16th century to today and explores how they shape or distort our understanding of history, real events and real people like Henry Joy McCracken in 1798 or Jim Larkin in 1913. In the series we hear from historians including Diarmaid Ferriter, Kevin Whelan, Eunan O’Halpin, Mike Cronin, and Lillis Ó Laoire, song collector and scholar John Moulden and traditional music experts Nicholas Carolan and Grace Toland from the Irish Traditional Music Archive. Therese is joined by singers from the Góilín Traditional Singers Club, singers Iarla Ó Lionáird, Nóirín Ní Riain, Frances Black, Niamh Parsons, Derek Warfield and composer Eric Bogle among others, who share their own relationship with history, song and these sung heroes. The series of radio shows can be found at https://audioboo.fm/boos/1502239-herosongs-1-where-history-meets-song-episode-one -Ends-
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NUI Galway-based Technology Company Sold for $75 Million
Monday, 7 July 2014
Seroba Kernel, the associate life sciences investment firm of Kernel Capital, has announced the sale of its investee company, Apica Cardiovascular for $75 million. Based at the Business Innovation Centre at NUI Galway, Apica Cardiovascular was sold to US-headquartered Thoratec Corporation, a world leader in device-based mechanical circulatory support therapies for failing hearts. Apica had developed an innovative transapical access and closure system that can simplify and standarise the technique used to open and close the apex of a beating heart, in order to deliver large therapeutic devices into the inner chambers of the beating heart in a minimally invasive manner. Founded in 2009, Apica’s technology began life at the Georgia Institute of Technology and Emory University, Atlanta, Georgia. In 2010, Seroba Kernel Life Sciences led a Series A financing of the company, which was also supported by Enterprise Ireland, and Apica moved to the Business the Innovation Centre at NUI Galway where it developed its product range. Apica products enable the delivery of aortic and mitral heart valves via the transapical route (TAVI) and the implantation of heart pumps (LVADs) for patients with advance heart failure. Commenting on the announcement, Dr Daniel O’Mahony, a partner in Seroba Kernel, said: “We are delighted with the successful outcome of the investment in Apica. It validates our model of taking leading-edge technologies from the USA, where there is a shortage of finance, and implanting them in Ireland whilst retaining links to the US innovators and clinicians. It also reinforces Galway’s position as a world-class hub for med tech development.” -Ends-
>> Read full story about NUI Galway-based Technology Company Sold for $75 Million
Final Call for Applications for NUI Galway Sports Scholarship Scheme
Tuesday, 8 July 2014
NUI Galway has issued a final call for applications to its Elite Athlete Sports Scholarships Scheme for 2014/15. The University has a long tradition of excellence in sport and this has been enhanced by the recent success in Rowing, Hurling, Basketball, Soccer and Rugby as well as numerous individual achievements. The deadline for application for current and prospective students is Thursday, 31 July at 5 pm. The Elite Athlete Scholarship Programme is aimed at student-athletes of outstanding calibre who register as students of the University. NUI Galway has had an outstanding record in supporting young athletes in developing their sporting and academic careers with in recent years, scholarship athletes winning senior All-Ireland GAA titles, winning and competing at World Championship level in their chosen sport and dozens of NUI Galway students representing their country and a number who have gone on to professional careers in a number of sports. These scholarship students include: John Conlon and Domhnall O’Donovan from Clare who were just two of the large contingent of NUI Galway graduates who won the All-Ireland Hurling title last year; rower Aifric Keogh who finished fourth at the world rowing U23 championships; and Olympian Paul Hession, who recently received his medical degree recently. Applicants for Elite sports scholarships must satisfy the academic criteria for entry to NUI Galway and must have applied to the CAO in the usual manner or be a currently enrolled student at NUI Galway. For the Scholarships, students who meet the University’s entry requirements will be selected on merit by an independent panel. In addition to the scholarship, students will receive specialist support including physiotherapy, treatment of injury, fitness training, coaching and support for travel to national and international competitions. More details on the Sports Scholarship Scheme at http://www.nuigalway.ie/sports/scholarships_info.html. All applications must be submitted online at http://www.sports.nuigalway.ie/scholarshipform.html -Ends- Seans amháin eile ar Scéim Scoláireachtaí Spóirt OÉ Gaillimh Tá seans amháin eile le hiarratais a dhéanamh ar Scéim Scoláireachtaí Spóirt OÉ Gaillimh 2014/15. Tá dea-cháil ar an Ollscoil le fada as ucht a cuid feabhais i gcúrsaí spóirt agus táthar ag cur leis an gcáil seo le héachtaí san Iomramh, Iomáint, Cispheil, Sacar agus Rugbaí chomh maith le héachtaí aonair éagsúla. Is é Déardaoin, an 31 Iúil ag 5pm an spriocdháta le hiarratas a bheith déanta ag mic léinn reatha agus ag mic léinn a bheidh ag tosú ar chúrsaí. Tá an Clár Scoláireachta do Lúthchleasaithe Éilíte dírithe ar lúthchleasaithe den scoth atá cláraithe mar mhic léinn de chuid na hOllscoile. Is iontach an teist atá ag OÉ Gaillimh maidir le tacaíocht a thabhairt do lúthchleasaithe óga i bhforbairt a ngairmeacha spóirt agus acadúla. Le blianta beaga anuas tá lúthchleasaithe scoláireachta ag buachan craobhacha CLG Uile-Éireann, tá siad in iomaíocht agus ag buachan ag leibhéal an Domhain ina rogha spóirt agus go leor de mhic léinn OÉ Gaillimh ag seasamh an fhóid dá dtír agus cuid eile acu a bhfuil gairmeacha proifisiúnta bainte amach acu i roinnt spóirt. I measc na mac léinn scoláireachta seo tá: John Conlon agus Domhnall O’Donovan ó Chontae an Chláir a bhí ar bheirt den ghrúpa mór céimithe de chuid OÉ Gaillimh a bhuaigh Craobh Iomána na hÉireann anuraidh; an t-iomróir Aifric Keogh a tháinig sa cheathrú háit ag Craobhchomórtas Faoi 23 an Domhain; an lúthchleasaí Oilimpeach Paul Hession ar bronnadh a chéim sa leigheas air le déanaí. Ní mór d’iarratasóirí ar scoláireachtaí spóirt Éilíte critéir acadúla iontrála OÉ Gaillimh a shásamh agus ní mór dóibh iarratas a bheith déanta acu tríd an CAO ar an ngnáthbhealach nó a bheith cláraithe faoi láthair mar mhac léinn in OÉ Gaillimh. Roghnóidh painéal neamhspleách na mic léinn a shásaíonn riachtanais iontrála na hOllscoile ar bhonn fiúntais. Chomh maith le scoláireacht, gheobhaidh na mic léinn tacaíocht eile spóirt chomh maith cosúil le fisiteiripe, cóireáil do ghortú, traenáil aclaíochta, cóitseáil agus cúnamh le taisteal chuig comórtais náisiúnta agus idirnáisiúnta. Tá tuilleadh sonraí faoin Scéim Scoláireachta Spóirt ar http://www.nuigalway.ie/sports/scholarships_info.html. Ní mór gach iarratas a dhéanamh ar líne ar http://www.sports.nuigalway.ie/scholarshipform.html -Críoch-
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Medical Student Wins Research Scholarship in Cambridge
Tuesday, 8 July 2014
NUI Galway medical student Orla Hennessy has won a place at the University of Cambridge in the UK as part of the Amgen Scholarship programme. Orla, who was born in Dublin and grew up in Kilmaley, County Clare, has just completed her second year of medicine at NUI Galway and will spend the summer as a researcher in Cambridge. One of Europe’s most competitive science scholarship programmes, the Amgen Scholarship offers undergraduate students the opportunity to work in world-class labs across the continent. It is one of the only pan-European undergraduate research programmes open to students across multiple countries and offers the chance to take part in original research at labs at the University of Cambridge, Karolinska Institute or LMU Munich. Orla will work with Professor Martin Bennett in Cambridge’s Department of Medicine’s Division of Cardiovascular Medicine. Her interest in cardiovascular medicine has a family link as both her parents are doctors and her father is a cardiologist. Orla was only 16 when she sat her Leaving Cert. She knew by then that she wanted to do medicine, but was not sure she could do it, as she explains: “I saw how hard my father worked and how much of himself he put into his work. I wasn’t sure I could do that, but I was encouraged by my parents and my teachers. I came to realise that medicine was much bigger than what my father did and that I did not have to be a clinician. I could be a researcher or a bit of both. Medicine was not just my dad’s job. It was so much more.” Last summer she won a Health Research Board summer scholarship to do a research placement in Galway which looked at the skin ulceration in the early stages of diabetes. Dr Sean Dinneen is Head of the School of Medicine at NUI Galway: “Our faculty is actively engaged in innovative research in many areas, with particular emphasis on cancer, gene and stem cell therapy and biomedical engineering science. This investigative ethos is part of our undergraduate degree programme and we encourage students to undertake research opportunities. Orla should be commended for winning a sought after research scholarship and we wish her every success for the summer.” -ends-
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Racing Greats to be Honoured by NUI Galway during Galway Race Week
Monday, 14 July 2014
Dermot Weld and Jim Bolger to be conferred with Honorary Doctorates NUI Galway has announced the names of two recipients of 2014 Honorary Degrees. At a special ceremony in the University on the biggest day in Irish racing, NUI Galway will honour two leading lights from the world of horse racing on Wednesday, 30 July. Dermot Weld and Jim Bolger will both be conferred with Degrees of Doctor of Arts (honoris causa) on a day when the infamous Galway Plate takes place. NUI Galway President, Dr Jim Browne, speaking in advance of the conferring ceremony, said: “With the sporting world’s attention on Galway and Ballybrit this week, we are proud to celebrate the horse-racing heritage of our city by recognising two of Ireland’s greatest racing trainers and breeders. Jim Bolger and Dermot Weld are global figures in the world of horse-racing. They have distinguished themselves as breeders, trainers and leaders of the sport and in so doing have burnished Ireland’s global reputation as a centre of the equine industry. NUI Galway is delighted to recognise their achievements by awarding them the highest honour which the University can confer, at a special ceremony during the Galway Racing festival.” Dermot Weld one of Ireland’s most renowned and successful racehorse trainers, at home and abroad will be conferred with a Degree of Doctor of Arts (honoris causa). He has trained the winners of twenty-two European Classic races and remains the only trainer outside of the US and Canada, to have won a leg of America's famous Triple Crown. Dermot has won races at both the Cheltenham Festival and at Royal Ascot and has enjoyed success at both meetings this year. Australia has been a country of note in Dermot's career with two wins in the race that stops a nation the Melbourne Cup. Dermot was the first trainer based in the northern hemisphere to win this most prestigious race when Vintage Crop stormed to victory in 1993. To date, Dermot has trained in excess of 3,700 winners. A qualified Vet, Dermot was a leading amateur rider and was crowned Champion on three occasions. He also rode winners in South Africa, the UK, France and in the US. Dermot was along serving Director of the Irish National Stud and also served on the board of the Irish Horseracing Authority. In 2001, Dermot was presented with the Charter Day Medal from University College Dublin. He is currently in his second term as a Director of Leopardstown Racecourse. In 20l1 he was made an honorary member of the Galway Race Committee. Jim Bolger will be conferred with a Degree of Doctor of Arts (honoris causa). In a remarkable career that has spanned five decades, at 71 years of age, he remains one of the single most iconic figures in the game. The Wexford native at the age of 35 years left his job in finance and began his training career in a yard at Clonsilla near the old Phoenix Park training ground. A farmer’s son who first dabbled in buying and selling show-jumpers, Bolger possesses rare vision and an insatiable work ethic, a trait that he has always sought to instil in his horses as he earned an enduring reputation that isn’t simply one of high-standards and meticulousness. A master of his profession and a born leader, his revered genius is as evident in the characters he has nurtured as it is in the champion racehorses that he has trained. Paul Carberry, Willie Mullins, Peter Scudamore and his now son-in-law Kevin Manning all emerged from his famously uncompromising academy. Since moving to Coolcullen’s Glebe House in Co Kilkenny in 1982, he has developed one of the most acclaimed and sophisticated private training centres in the world which has defined his enormous contribution to Irish racing’s globally-renowned status. Thirty years ago, Give Thanks secured him a first Classic victory in the Irish Oaks, and it is in racing’s uber-commercial Flat sphere that the self-made and inherently autonomous entrepreneur has continued to break down barriers and set the standards for others to aspire. The two graduands join the ranks of previous honorary alumni which include from the world of sport, Christy O Connor Snr and Jnr and Micheál Ó Muircheartaigh among many others such as, Nelson Mandela, Hilary Clinton, Enya, Anjelica Huston and Fionnuala Flanagan. -Ends-
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Packie Bonner launches 10th Macron Galway Cup in NUI Galway
Wednesday, 9 July 2014
Legendary Irish goalkeeper, Packie Bonner, launched the 2014 Macron Galway Cup at a special ceremony at NUI Galway this week. The tournament will feature teams from six countries and the cream of Ireland's young talent. Speaking at the launch, Salthill Devon Chairman Oliver Daniels welcomed the Deputy Mayor of Galway John Walsh and other distinguished guest, including John Fallon of Macron the tournament sponsors and the special guest Packie Bonner. He pointed out just how important the event is to the Galway region in particular, providing approximately ten thousand bed nights, worth an estimated €2 million to the city. "We are particularly grateful to NUIG where the vast majority of the players will stay, at the Corrib Village, throughout the tournament. Packie Bonner has been a staunch supporter of the tournament since its inception and he thanked Salthill Devon for inviting him back to Galway: "I am always delighted to get back to Galway. I have attend the Macron Cup as a both a spectator and as FAI Technical director and for me the players make it happen. I have spoken to people around the world who have played in and seen the tournament and the have nothing but the highest praise for the high standards at the event - hopefully this year will be no expectation.” The centre piece of the tournament is the Elite section for boys born in 1999. Squads from five countries, including the Irish National squad, Ipswich Town, Scunthorpe United, Chivas Guadalajara, Mexico, DC United, from the United Sates and Maccabi Haifa from Israel. According to Tournament Director, Denis Burke: "Over the years this Elite section has proved to be very competitive and the standard of play has been consistently high. This is our second year with Macron as our main sponsor - last year was a particularly successful event and we are looking forward to long and fruitful relationship with John Fallon and his team at Macron." He continued: "Additionally we have other important supporters in Fáilte Ireland, Galway City Council, Smyth's Toys, The Ardilaun Hotel, Finches soft drinks and Supermacs and their contribution allows us to stage a quality international event.” Salthill Devon have built this tournament, year on year, into the premier event of its type in Ireland. They have done this by engaging with 'like minded' partners in the community. Galway benefits significantly from the tournament as up to 1,100 players, officials and their families converge on the city for the tournament. A video from the launch can be viewed here.
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Celebrating World-Class Research at NUI Galway
Monday, 14 July 2014
NUI Galway has honored staff members for their outstanding contributions to Research. The President’s Awards for Research were introduced earlier in 2014 and are highly competitive. The awards acknowledge excellence in research activity across three categories: ‘Early Stage Research, ‘Research Supervision and Established Research. Recipients were honoured recently at NUI Galway’s Inaugural Research Showcase. The awards ceremony included opening remarks from NUI Galway President Jim Browne and Vice-President for Research Professor Lokesh Joshi. Professor Joshi remarked on the breadth and depth of the award recipients and thanked members of the University community for their thoughtful and moving nominations. Speaking at the presentation ceremony, Dr Jim Browne, President of NUI Galway said: “It is a privilege to preside over the Inaugural President’s Research Awards and to share our research with fellow colleagues and our broader research community. Whilst our Inaugural winners come from different Schools and Disciplines with very different research skills and objectives, they share a passion for research excellence which is internationally recognised in their cognate research areas.” The Award Winners included: Professor Henry Curran (Chemistry), Established Research Award Professor Donal O’Regan (Mathematics), Established Research Award Dr Marie-Louise Coolahan (Humanities), Established Research Award Dr Shane Darcy (Law), Early Stage Research Award Dr Martin O Halloran (Engineering), Early Stage Research Award Professor Afshin Samali (Biochemistry), Research Supervisor Award Dr Mark Healy (Engineering), Research Supervisor Award Other events featured at the Research Showcase included a Euro Million Project Pitch with team and individuals pitching for research funding to develop a unique research idea. Seven projects were pitched to a panel of research expert with four projects awarded developmental funding. Awards were presented to the following: • Dr Eilionóir Flynn (College of Business, Public Policy and Law) • Dr Deirdre Ní Chonghaile (College of Arts, Social Sciences and Celtic Studies) • Dr Pádraic Moran (College of Arts, Social Sciences and Celtic Studies) • Dr Audrey Morley (College of Arts, Social Sciences and Celtic Studies) Sixty postgraduate researchers were also selected to present posters designed to represent their work. The event gave students the opportunity to share their research with other students and staff. The following students were acknowledged at the event for their contributions to research. Best Poster Presentations Karen Taylor (College of Arts, Social Sciences and Celtic Studies) Dilip Thomas (College of Medicine, Nursing and Health Sciences) Claire McDaniel (College of Science) Societal Impact Award Linda Connor (College of Science) Industry Impact Award Trevor Clohessy (College of Business, Public Policy and Law) Graphic/Imagery Award Leah Kidney (College of Science) Innovative Poster Award Ursula Kenny (College of Medicine, Nursing and Health Sciences) Professor Joshi commented “This is a unique day in the calendar of the University as Engineers, Scientists and Humanities come together to debate and present their research in a forum that is open to the broader University Community. The Research Showcase gives NUI Galway students and staff the chance to share their research with new audiences and tell the world about their work.” -ends-
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NUI Galway Seeking Volunteers to Participate in Water Survey
Monday, 14 July 2014
NUI Galway’s School of Medicine are seeking volunteers to participate in a water survey to find out what people living in Galway City and Galway County know about their drinking water. This survey is accessible at http://www.nuigalway.ie/bac/water_survey.html. It will take approximately 10 minutes to complete and will run until Wednesday, 23 July. People will also be surveyed on the street, house to house and online. The survey asks questions such as if people drink water from the tap at home, if they buy bottled water, if they know where their water supply comes from, and if they know whether their drinking water is tested regularly and treated to prevent contamination with bacteria and other organisms. Millions of tonnes of water, from a variety of sources, are treated in Ireland every day to provide drinking water to Ireland’s population. The drinking waters produced and distributed by Irish Water are termed public water supplies and provide water to 82% of the Irish population. The rest of the population are supplied by group water schemes (6.6%), small private supplies (0.8%) and private wells (10.6%). This research hopes to gain an insight into what people served by different supply types know about their drinking water, if they’ve ever experienced difficulties with their drinking water supply and if so what impact this had on their drinking water habits. The research, funded by the Health Research Board (HRB), will be carried out by Dr Dearbháile Morris, lecturer in Bacteriology at the School of Medicine, NUI Galway and second year medical student, Maeve Cahalan. NUI Galway’s Dr Dearbháile Morris said: “Water is everywhere and is essential for life. We all drink water everyday but this precious resource is under threat. The UN estimate that 47% of the world’s population will be living in areas of high water stress by 2030. So what do we really know about our drinking water? This survey aims to give us more detail on what we know, our usage and how to protect this precious commodity.” Results of this short survey will help inform a larger Environmental Protection Agency (EPA)-funded research project led by Dr Dearbháile Morris, in conjunction with the Centre for Health from Environment, Ryan Institute, NUI Galway. -Ends-
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NUI Galway Professor Speaks at Economist’s 18th Roundtable with the Government of Greece
Tuesday, 15 July 2014
Professor Alan Ahearne, Head of Economics at NUI Galway, recently spoke at The Economist’s 18th Roundtable with the Government of Greece, ‘The Big Rethink for Europe’, in Athens. Professor Ahearne shared a panel with Enrico Letta, Former Prime Minister of Italy, and Daniel Franklin, Executive Editor, The Economist. The discussions centred on lessons to be learnt from EU members states on economic recovery and the need for EU leaders to implement their strategy for closer economic and political integration in order to restore confidence and stability. The Economist's 18th Roundtable with the Government of Greece brought together Greek ministers (including the prime minister), two former Italian prime ministers, the opposition leader and many senior business representatives. The timing made this an appropriate moment for what the meeting's subtitle called a "big rethink". Greece's economy is at a turning point after six years of recession; following the recent cabinet reshuffle several ministers could outline their priorities in their new portfolios; and instability around Europe's rim prompts some rethinking on international relations, too. "The economic recovery in Ireland is more visible in the labor market, which-after-stabilized in the last two years be refined," Professor Ahearne concluded speaking at the annual Economist. Referring to the factors responsible in the opinion of the reversal of the image in Ireland, analyzed the following three levels: · Basic economic forces came into play (pharmaceutical sector, medical technology, ICT, agri-food, tourism). · Decisive action was taken within the country (sustained effort to reduce the budget deficit and rebuild the banking system). · Support policies reinforced from abroad (CMT, new architecture of the Euro, revised terms on bank loans - improving the economies of the U.S. and Britain). Professor Ahearne spoke, however, the need for further macroeconomic support to address the gaps in the labor market, with emphasis on youth unemployment. -Ends-
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