Disorderly Brexit now seen as a 'significant risk' by Irish finance minister

  • 📰 CNBC
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Lawmakers in Dublin are stepping up preparations for the eventuality that Britain leaves the European Union with no deal in place.

In the 117-page document, officials in Dublin cautioned that if the U.K. were to leave the EU, without first agreeing to the terms in Theresa May's negotiated Withdrawal Agreement, there would be "severe macroeconomic, trade and sectoral challenges both in the immediate term and in the longer term" for Ireland, because of its reliance on the bilateral trading relationship with the U.K.

This has long proven politically contentious for the government of Ireland's prime minister, Leo Varadkar, who has hoped that internal and external pressure on the British government would prevent that particular course of action. Coveney acknowledged in his public remarks Tuesday that the need for checks on goods would have to be balanced against a separate requirement that there be no physical infrastructure on Ireland's international border with Northern Ireland.

Outgoing British Prime Minister Theresa May and her negotiating team struggled for two years with this conundrum, and yet both her potential successors in Downing Street have failed to explain clearly how they would resolve the problem, to the satisfaction of Dublin, Brussels and a voting majority of the Westminster parliament.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Of course it's a significant risk the British pay a majority of all United Nations functioning costs. If they left it would be that much weaker overall. Personally I think Britain as well as all countries should contain and control themselves.

I’m really looking forward the the return of Elizabethan England borders.

Their ambassador calls Trump inept but it seems like his own government is worse off.

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:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ireland's finance minister sees significant risk of disorderly BrexitIreland thinks there is now a significant risk of a disorderly Brexit and is tak... Says the EU regime puppet who has his statelet's budget approved by the Bundestag. Ireland had it within its power to mitigate problems related to the future relations with Northern Ireland but chose a hard line instead. The UK had a democratically achieved Referendum result to leave the EU, Ireland should respect & help facilitate that end; if it is a friend.
Source: Reuters - 🏆 2. / 97 Read more »