Oireachtas Joint and Select Committees

Tuesday, 12 June 2018

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

European Union-Related Matters: Discussion with Minister for Public Expenditure and Reform

2:30 pm

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

Yes. It continues to be my judgment that it is more likely than not that a transitionary agreement will be reached that will begin next year. There is a need for the British economy to achieve that. There will also be the effects European-wide if such an agreement is not reached. At this time, I still believe it is far more likely than not that a transitionary agreement will be reached. If and when that transitionary agreement is reached, it will simply allow a longer period to manage all the other risks that could develop across many different policy areas, which incidentally is another reason I believe a transitionary agreement will begin early next year.

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