Dáil debates

Thursday, 14 February 2019

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions

Brexit Preparations

10:30 am

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

My assessment of the likelihood of a no-deal scenario is that it is a clear and distinct risk we are now planning for. In the past week, I met the Revenue Commissioners, the National Treasury Management Agency, NTMA, and the Central Bank to review where we are from a preparedness point of view, with a particular focus on how we will respond to challenges for the State, to our financial position and financial markets regulation. I am satisfied that all that can be done in those areas has now happened. I am not in a position where I can be a commentator on this, as the Deputy will appreciate, because I am a participant.

I know that all will be done inside the parameters the Government has laid out to look to secure an agreement, but we clearly have a difficult period ahead in seeing whether that agreement can be secured.

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