Thursday 21 September 2017

It takes more than rhetoric to win a share of the Brexit spoils

Finance Minister Michael Noonan speaks to the media at the World Economic Forum in Davos. Switzerland, last week. Photo: Simon Dawson/Bloomberg
Finance Minister Michael Noonan speaks to the media at the World Economic Forum in Davos. Switzerland, last week. Photo: Simon Dawson/Bloomberg
Dearbhail McDonald

Dearbhail McDonald

What chance does Ireland have of poaching some major corporate and regulatory fish in the wake of Britain's seismic decision to leave the European Union?

If the propaganda and rumour mills are to be believed, we're on the verge of clinching the London-based European Medicines Agency (EMA) and its 900 staff, as well as the European Banking Authority (EBA), whose staff numbers are soon set to rise to almost 200.

Not only that, public expectations are being pumped to such a degree that you would think the City of London's Canary Wharf district was about to be airlifted en masse to Dublin's Docklands as quick as you can say 'Article 50'.

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