Cookies on The Southern Star website
We use cookies to ensure that we give you the best experience on our website. We also use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on the The Southern Star website. However, if you would like to, you can change your cookie settings at any time by amending your browser settings.
How does The Southern Star use cookies?
Cookies enable us to identify your device, or you when you have logged in. We use cookies that are strictly necessary to enable you to move around the site or to provide certain basic features. We use cookies to enhance the functionality of the website by storing your preferences, for example. We also use cookies to help us to improve the performance of our website to provide you with a better user experience.
We dont sell the information collected by cookies, nor do we disclose the information to third parties, except where required by law (for example to government bodies and law enforcement agencies).
Hide Message
  • News

VIDEO: ‘I don’t believe there will be a no-deal Brexit’ Coveney tells Kinsale briefing

Friday, 14th September, 2018 5:27pm

Story by Siobhan Cronin
VIDEO: ‘I don’t believe there will be a no-deal Brexit’ Coveney tells Kinsale briefing

Foreign Affairs Minister Simon Coveney speaking in Kinsale this morning

FOREIGN Affairs Minister Simon Coveney told a Brexit briefing in Kinsale this morning that negotiations are a ‘damage limitation’ exercise where there are no winners.

Speaking at the business breakfast, hosted in the Blue Haven Hotel by Senator Tim Lombard, Minister Coveney said that a lot of progress had been made in recent weeks adding: ‘We are 85% there now.’ And he said he didn’t believe all the ‘hype’ that suggested we were moving towards a no-deal Brexit.

‘I don’t believe that will happen,’ he said, adding that nobody was in favour of that outcome. But, he said, we must be in no doubt that the talks are all about limiting the damage done by the Brexit vote.

‘It’s lose, lose, lose for everybody’ he said. ‘The EU will be hurt by a big trading partner like Britain leaving, and we will be hurt too.’

He reminded the audience that there are 38,000 Irish SMEs – employing 200,000 people – doing business in the UK and ‘hundreds of thousands’ more linked to those firms. The trade relationship between both countries is worth €70bn, he said.

Minister Coveney also said that there were now more Irish people living in the UK than in Connaught so there is the ‘equivalent of an Irish province’ in the UK.

But, he said, everybody accepts that there will be a transition period of about two years so that on the morning after March 29th 2019, in effect, ‘nothing will happen’.

During that period the negotiations will continue on a number of sensitive issues like security, defence, and fisheries, and more.

For a full report on the Brexit meeting, organised by Cormac Fitzgerald of Fitzgerald & Partners in Kinsale, see next week’s Southern Star.

After the meeting he spoke to the Star about how local companies can prepare for Brexit: