No ster­ling compo

Irish Examiner - Farming - - NEWS -

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.”

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