Ibec have today claimed that while the outcome of Thursday’s UK referendum on EU membership is a blow to the Irish business community, nothing has changed fundamentally in the short term.
The group have asserted that over the coming months the relationship between the UK and Ireland will remain intact in its current form.
At the National Economic Dialogue in Dublin Castle today, Ibec recommended that the Government push harder in negotiating flexibility in EU fiscal rules and accelerate non-exchequer fiscal measures to support the economy.
Ibec CEO Danny McCoy commented, "Once British EU exit negotiations commence, it is essential that the interests of Ireland and our business community are protected and the importance of Ireland's special trading relationship with the UK is reflected at the negotiating table."
He added, "While this is undoubtedly a negative outcome for Ireland, it is also important to note that we are in a strong position to benefit from ongoing new investment opportunities."
Source: www.businessworld.ie