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In page Celtic Tiger:

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Foot and mouth disease and the 11 September 2001 attacks damaged Ireland's tourism and agricultural sectors , deterring U.S. and British tourists. Several companies moved operations to Eastern Europe and the People's Republic of China because of a rise in Irish wage costs, insurance premiums, and a general reduction in Ireland's economic competitiveness.[3] The rising value of the Euro hit non-EMU exports, particularly those to the U.S. and the United Kingdom.[citation needed]