No-deal Brexit would cause major disruption for Irish economy - Coveney

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 98%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

A no-deal Brexit would mean a “fundamental disruption” to how the all-island economy functions, and would put strain on both trade and the political structures that underpin it, Tánaiste and Minister for Foreign Affairs Simon Coveney has said.

“We want to work to ensure a no-deal doesn’t happen, but we have to prepare for that scenario, and we have to face up to the ugly truths of what it means, in terms of the imposition of tariffs on this island, and the imposition of non-tariff trade barrier on this island also.

“It will put strain and stress on not only that trade but the political systems that back it up too. That is the risk of no-deal that people need to understand in very blunt terms, because it is the truth and we shouldn’t sugar-coat it.” “At the end of March there was an extension of six months and some people on the back of that who had focused so intensively on Brexit took the foot of the accelerator,” he said.

“The Government will do its part. The State agencies are doing their part, and we will continue that across the summer, but others need to do it too.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines