Thomas Pringle (Donegal, Independent) | Oireachtas source

While it is true, I suppose, that fluctuations in the sterling exchange rate are not unusual, what has been especially difficult recently is the extent of the depreciation in such a quick period and the impact this is having on businesses.

The Minister referred to what would happen if this continued for a sustained period. What constitutes a sustained period in terms of the actions of the Department? There is a need to be ready to intervene to assist businesses in a practical way, perhaps by supporting their exports rather than advice and leaving them to rely on Bank of Ireland to deal positively with people. This needs to be managed closely. I am somewhat concerned with the reference to the fluctuation lasting for a sustained period. The Department needs to be able to move quickly to react and support businesses in a very practical way, rather than simply offering market advice and support.

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