Kieran O'Donnell (Fine Gael) | Oireachtas source

I welcome Mr. Draghi - céad mile fáilte. I will pick up on two issues. In his statement, he said that without sufficient mitigating action, a cliff-edge Brexit could have an adverse impact. I ask him to elaborate on that. What type of mitigating action would he like to take place? What is his hope for Brexit, whether it is hard or soft? What does he expect its implications for Europe and particularly Ireland will be? As he said, we have a unique relationship through our trading, cultural and social links.

Mr. Draghi spoke about the risks and challenges for the Irish economy. He said we are particularly exposed in the area of Brexit. Our GDP growth rates this year will be three times the EU average. We are seeing a slowdown overall in the EU with a growth rate in the previous quarter of 0.2%. Where are the risks for the Irish economy? That incorporates Brexit; Mr. Draghi may deal with other features. What kind of monetary and macroeconomic policies does he envisage evolving in the ECB for the type of Europe we could have post-Brexit?