Mr Lohan's predecessor Martin Shanahan, who is now a senior executive with business advisors Grant Thornton, was speaking at the Institute of International and European Affairs in Dublin.
"Ireland has no inherent right to the foreign direct investment that we win on an annual basis. We have to be competitive as a country to do that."He said: "The cost and availability of housing is a serious deterrent to those that wish to make a home and work in Ireland.
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