Leo Varadkar (Dublin West, Fine Gael) | Oireachtas source

There are a number of different instruments that we can use should we have to and should we end up in a no-deal hard Brexit scenario. For example, for farmers in the agrifood sector, the Common Agricultural Policy, CAP, already provides the common organisation of the markets, CMO, regulation, which allows for emergency aid for farmers if their markets are cut off. For example, when the Baltic states were cut off from the Russian market, the CMO regulation was used to provide emergency aid so we do not need a change to the globalisation fund. For small businesses, we already have approval for the rescue and restructure intervention and that allows us to rescue a company and restructure it should it find its market lost as a consequence of Brexit. However, I do not want to create the impression in any way that because we have these instruments on standby that everything will be fine, it will not. There is no good Brexit. It will be harmful for our economy but we will be able to mitigate it by using some of the instruments that are available.

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