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Ireland faces economic oblivion: Bank chief admits hard Brexit will DEVASTATE country



Gabriel Makhlouf insisted Dublin would be the Eurozone’s biggest loser if the UK and EU fail to broker a Brexit trade deal before the end of the year. But he claimed the economic misery of lockdowns to curb the spread of the pandemic will only double the pain. The banker said new tariffs on goods would devastate Ireland’s agriculture and food sectors, knocking two percentage points from the country’s economic growth in 2021.

https://www.express.co.uk/news/polit...economy-update

Oh dear oh dear to be sure that'll be a fine pickle to be in.

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But bbbbut they're part of the biggest trading...................:sick:

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If a so-called hard Brexit will devastate Ireland, imagine what it will do to the UK!
But I'm sure BoJo won't let that happen.

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I think you’re misunderstanding the balance of trade between the U.K. and Ireland just a little.

We are 11% of all their exports; within that we take 43% of all their food and livestock exports.

However, the key statistic is that we have a trade surplus of more than £13bn with them. There is not an equal flow of goods and services between the two countries, and therefore there’s no basis for assuming the U.K. will be equally as affected by trade barriers - and certainly no justification for claiming we would come off worse.

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He was probably just being impartial;)

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The benefits of membership? We just want a bloody trade deal!

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That doesn't take into account the fact that Ireland can still trade unhindered with the EU27 from January and we can't.
But as I said, I don't think BoJo will let it come to this, he'll strike a deal.

---------- Post added at 16:29 ---------- Previous post was at 16:25 ----------

You're making an assumption on this and thinking that an economic bloc of 27 countries acts in the same emotional manner that one meotional human being does.

It doesn't. The UK is not being offered the same deal as Canada as it does far more trade with the EU than Canada does and is far closer. Doesn't matter how much we might throw our toys out of the pram, we're not getting the same deal. That's a rational economic and political decision, not a "punish us" reason.

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Would just like to thank you for the inspiration. ;)

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As you know impartiality is my middle name ;)

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I'm struggling a bit here Seph, can you explain to me why do they have to give us a Canada style deal or indeed any style of deal?

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Just trying to save you you from the negativity of playing the victim. ;)

It's time for the likes of Michael Gove et al to take responsibility for their actions and not hide behind others when the outcomes don't match their 2016 speeches.