FINANCIAL SERVICES CENTRE

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The International Financial Services Centre (IFSC) is a major financial services centre in Dublin, Ireland. The center employees 14,000 and was the brainchild of an associate of the millionaire Dermot Desmond. Both the associate and Mr. Desmond approached Charles Haughey, then in opposition, who made in the center piece of his economic manifesto when he came back into power. Section 30 of the Finance Act, 1987 allowed for the designation of such an area.

Around one trillion euro is handled there annually (€1,000,000,000,000)