Sunday 20 August 2017

Colm Kelpie: As FF and FG dither, economic uncertainty and risk increases

Micheál Martin. Photo: Mark Condren
Micheál Martin. Photo: Mark Condren
Colm Kelpie

Colm Kelpie

Fine Gael and Fianna Fáil dither, six weeks after the election, about the formation of a new Government, while potentially one of the biggest economic risks facing the country is just around the corner. Having been barely mentioned in the election campaign, you'd hardly know it was of importance to us at all.

The warning issued yesterday by the IMF about the potential consequences of a British withdrawal from the European Union is the starkest yet from the Washington-based lender.

The Fund's chief economist, Maurice Obstfeld, says there could be "severe regional and global damage" if Britain votes to pull out of the EU.

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