Bernard Durkan (Kildare North, Fine Gael)
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295. To ask the Minister for Finance the extent to which his Department continues to monitor the implications for this jurisdiction of a United Kingdom exit from the European Union; and if he will make a statement on the matter. [33373/15]

Michael Noonan (Limerick City, Fine Gael)
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The Government's position on developments in relation to British membership of the EU has been clearly articulated, in particular by the Taoiseach and the Minister for Foreign Affairs and Trade: we very much want the UK to remain an integral member of the Union. This is important for both our economy and the ongoing development of excellent relations between Ireland and the UK. It is the Government's stated position as well that the EU itself is stronger and more effective with the UK as a member.

The UK's continuing membership within the Union is therefore a strategic objective for the Government.  We are accordingly monitoring developments in the relationship between the UK and the EU very carefully in order to best understand the different interests at stake. 

My Department is focusing, in particular, on the economic and financial issues involved. In this regard, the ESRI has undertaken research, under the Department of Finance/ESRI research programme agreement, on the macroeconomic links between the UK and Ireland in the context of joint membership of the EU. This includes trade and investment aspects of our relationship, including financial services.  The research will be published shortly.

The UK Government is now committed to holding a referendum on its membership of the Union before the end of 2017 and we fully respect that this is an issue for the British electorate to decide.  However, our hope is that they will vote to remain in the European Union. The Government intends to play a constructive role when it comes to negotiations within the EU on the terms of British membership. We will support any reasonable proposals for reform of the functioning of the Union, while at the same time making clear where we believe that specific proposals are undesirable or unachievable.