The group that represents Irish business, Ibec, have today said the UK vote to leave is a very significant blow to the EU which will lead to a potentially protracted and unwelcome period of uncertainty and instability in Europe.
The Group have called for all EU institutions and Central Banks to do all within their power and remit to minimise financial, economic and political instability.
Ibec say the task then is to ensure Irish interests are safeguarded in British EU exit negotiations.
Ibec CEO Danny McCoy commented, "Whatever the outcome of negotiations, the vote will fundamentally change our relationship with our nearest neighbour and most important trading partner. As Ireland's largest business group, Ibec will work to ensure the interests of our members are safeguarded in UK exit negotiations."
He added, "While Brexit is clearly a negative event for the Irish economy, Ireland will remain one of the EU's strongest growing economies over the coming years."