No sterling compo
Agriculture Minister Michael Creed has indicated Ireland is unlikely to seek direct financial compensation from the EU for exporters affected by sterling weakness after the Brexit vote.
“We are particularly anxious to avoid a position where Irish agrifood or even the Irish economy in general with regard to concerns over Brexit are dealt with in a cheque book fashion,” said the Minister in the Dail.
“We are anxious to secure a solution that is long term, viable, and allows us to maintain our current trading relationship with the UK as it exits the European Union.” “We have availed of the latitude that exists under the de minimis and CAP market disturbance funding processes. We continue to engage with the Commission. We do not want to send a signal that our problems can be resolved simply by pulling out the cheque book.”
“We want a structural outcome from negotiations that would resolve Brexit matters in a lasting way rather than a compensatory manner.”