Friday 23 June 2017

Eoghan Murphy: Ireland can be financial rock of certainty for those investing in the single market

Eoghan Murphy is Minister for International Financial Services and chair of the IFS2020 Joint
Committee. Photo: Naoise Culhane
Eoghan Murphy is Minister for International Financial Services and chair of the IFS2020 Joint Committee. Photo: Naoise Culhane

Eoghan Murphy

At tomorrow's European Financial Forum in Dublin Castle, international leaders from both public and private sectors will meet to assess the challenges and opportunities facing the global economy in the coming year. A key issue will be the UK leaving the EU.

Talk of a hard or soft Brexit is now meaningless. Brexit means Brexit, which means an intention to exit both the single market and the EU's customs union, as indicated by British Prime Minister Theresa May last week.

What will actually be the outcome of the negotiations and the shape of the new relationship in the years to come, we cannot know. But nor can financial service firms operating across Europe wait to find out.

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