No deal Brexit shock may be too much for Ireland to bear says report! (4k)

An official briefing paper for the Irish government says that, on top of the pandemic, a second shock from a hard Brexit might overwhelm the Republic’s economy.

The Irish Times says that a government briefing document has warned the Irish foreign affairs minister, Simon Coveney, that:

“Households and businesses may not have the capacity to withstand a second economic shock as a result of a hard Brexit at the end of the year, …”

And the document itself says that the Republic of Ireland is :

“…facing into Brexit from a fundamentally different economic starting point than for a no-deal Brexit in 2019.”

And that, taking the Coronavirus pandemic into account:

“…the capacity of households and businesses to manage a second economic shock will be more limited …”

Coveney has been warned that protecting the €85 billion trade link with the UK is vital to Ireland’s economic recovery.

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Видео No deal Brexit shock may be too much for Ireland to bear says report! (4k) канала Jeff Taylor