The combination of tightening financial conditions in the eurozone, ongoing concern about the possible collapse of the euro, and the short-term negative effects of necessary fiscal and structural reforms will push the euro area back into recession in 2012. This was the view of one of Ireland’s leading economists and influential thinkers, Dr Alan Ahearne, and the grim message he imparted to attendees at Shannon Chamber’s annual President’s lunch, held in Dromoland Castle Hotel, Co Clare last Friday.

FUNDING of €850,000 has been provided to EpiSensor, a Limerick based company that develops wireless sensor technology that reduces energy costs. The syndicated funding has been provided by the Bank of Ireland Start-up and Emerging Sectors Equity Fund, managed by Delta Partners, the AIB Seed Capital Fund, co-managed by Enterprise Equity, Enterprise Ireland and private investors. The funds will enable EpiSensor to create new jobs and grow international sales.