Oireachtas Joint and Select Committees
Tuesday, 12 May 2015
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
All-Island Economy: Discussion
1:30 pm
Peadar Tóibín (Meath West, Sinn Fein)
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Senator Cullinane mentioned political resistance in the North but I would be surprised. There is passive political resistance in the South to issues such as harmonisation.
With regard to currency differences, I can understand why businesses in the North did not previously identify currency as a major problem. Historically, the currency differential has been beneficial until the present but it must act as a brake on investment. If I was looking for a retail investment on the Border, given the retail benefits that have swung to the South, it must act as a brake.
Are there international comparators for the objectives we share with regard to an economy being further integrated? What steps can be taken? It might not be specifically obvious right now.