Billy Lawless (Independent) | Oireachtas source

I thank Dr. Coughlan for his attendance. I represent the diaspora abroad so he will understand that this issue will be of major interest for me in the United States of America, particularly in respect of what happens to Ireland. While I disagree with many of the statements in his presentation, I defend his right to put forward these views. It is extremely important that this committee receives input from all views, particularly those that are sincerely held, as in Dr. Coughlan's case.

I had guests into the House yesterday from Chicago, one of whom is a mother. She told me that she works for The Northern Trust Company in Chicago. This bank has a branch in Dublin and one of its top offices is in London. The UK office is moving because of Brexit and, of course, it wants to go to an English-speaking country within Europe. We were aware that it looked at Ireland but were shocked when it decided to go to Luxembourg. I asked why, as the bank already has an office here in Dublin. The reason was the shortage and expense of housing in Dublin. This is a situation where someone is actually affected by it and it is a major issue here.

I come from a farming background, many years ago. What does Dr. Coughlan propose will replace the roughly €1.5 billion Ireland receives from the EU? Of that funding some €1.2 billion comprises payments for farmers. These are my two basic questions for Dr. Coughlan.