Simon Coveney (Cork South Central, Fine Gael) | Oireachtas source

The €78 million does not include the Hague preferences, so if we invoke them successfully, the €78 million will decrease by €8 million. The maximum damage, direct and indirect, if this were imposed in full and if we did not manage to invoke the Hague preferences, is estimated by BIM to be about €78 million. It would be €32 million in actual reductions in fish, but then one must calculate all the other ancillary and support services, processing, and so on.