Oireachtas Joint and Select Committees

Thursday, 6 July 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

ECOFIN Meeting: Minister for Finance

9:30 am

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

The main point of my contribution to the ECOFIN meeting was that Ireland, as an island, was an outward-looking country which saw its future in the European Union but that, because of what was happening in the United Kingdom, we faced acute risks. Many other countries contend that they face equal trading risks which I have to acknowledge. Other finance Ministers tell me that a large share of their trade comprises exports to the United Kingdom. However, Ireland is the only country that shares a land border with the United Kingdom and the disruptive effects, particularly on supply chains, will be particularly acute for us.

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