Oireachtas Joint and Select Committees
Tuesday, 6 December 2016
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
Economic Impact of Brexit: Discussion (Resumed)
11:00 am
Stephen Donnelly (Wicklow, Social Democrats)
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I wish to ask Mr. Ó Muilleor a hypothetical question and I would be interested to get his view on this matter. One way to stabilise or to derisk trade between the UK and the rest of the EU would be to peg sterling to the euro at some percentage or within a floating band. There are various ways to derisk it, some of which have worked quite well and some of which have not. I appreciate, politically, it is probably hypothetical, but is it something Mr. Ó Muilleoir thinks has merit in derisking the exchange rate for businesses in the North and the South?