England's Difficulty: Ireland's Opportunity

statsman

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An interesting article on Politico the other day takes as its premiss that 'Brexit may be just what the doctor ordered — for Ireland'

Apparently our government is pushing to relocate the European Medicines Agency, currently located in London, to Dublin. Given the key role of Pharma in our economy, this looks like a very good idea indeed. There are other cities in the running, but our proximity to London, the fact that we can seamlessly allow the agency to continue to work through English, and the strong focus on life sciences in our economy are strong draws. The fly in the ointment is infrastructure. The agency attracts 40,000 a year, and needs the availability of 350 hotel rooms to be available 5 nights a week. Of course, if we can meet these needs, the ancillary benefits to the economy would be huge.

So far, all the focus has been on getting finance to move here from London, but as this story shows, there are potentially lots of benefits to Ireland deriving from Brexit; the question is, can they balance the negative impact on the food and agribusiness sector. If they can, then bring it on.
 


Hans Von Horn

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An interesting article on Politico the other day takes as its premiss that 'Brexit may be just what the doctor ordered — for Ireland'

Apparently our government is pushing to relocate the European Medicines Agency, currently located in London, to Dublin. Given the key role of Pharma in our economy, this looks like a very good idea indeed. There are other cities in the running, but our proximity to London, the fact that we can seamlessly allow the agency to continue to work through English, and the strong focus on life sciences in our economy are strong draws. The fly in the ointment is infrastructure. The agency attracts 40,000 a year, and needs the availability of 350 hotel rooms to be available 5 nights a week. Of course, if we can meet these needs, the ancillary benefits to the economy would be huge.

So far, all the focus has been on getting finance to move here from London, but as this story shows, there are potentially lots of benefits to Ireland deriving from Brexit; the question is, can they balance the negative impact on the food and agribusiness sector. If they can, then bring it on.
The Germans will not allow the European Medicines Agency to move to Ireland.
 

Vega1447

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silverharp

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whether its Britain's difficulty is up for debate, Britain was paying for those jobs anyway? in fairness I don't think anyone is going to cut Ireland a break here, France and Germany want to make a big deal about stuff pulling out of the UK and going back to them. Worth a shot though.
 

President Bartlet

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Don't know if its Ireland's opportunity - didn't they give us a financial bail out seperate to the Trokia at the time of the crisis that needs to be paid back?
 

statsman

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whether its Britain's difficulty is up for debate, Britain was paying for those jobs anyway? in fairness I don't think anyone is going to cut Ireland a break here, France and Germany want to make a big deal about stuff pulling out of the UK and going back to them. Worth a shot though.
Equally, there will be a desire to ensure we don't consider following the UK out the door. This would be a nice sweetener.
 

Cellachán Chaisil

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Don't know if its Ireland's opportunity - didn't they give us a financial bail out seperate to the Trokia at the time of the crisis that needs to be paid back?
At a higher rate of interest than the one they were charged for it?

Yes, indeed they did.
 

Mushroom

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Don't know if its Ireland's opportunity - didn't they give us a financial bail out separate to the Trokia at the time of the crisis that needs to be paid back?
They did. And the lower Sterling falls against the Euro, the cheaper repaying that "dig out" is going to be! I assume that the NTMA boys are buying up cheap Sterling at a rate of knots!
 

silverharp

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Equally, there will be a desire to ensure we don't consider following the UK out the door. This would be a nice sweetener.
yep but in a survey Ireland come up as most pro EU, we aint a swing state. We can be safely ignored for now
 

Fr. Hank Tree

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An interesting article on Politico the other day takes as its premiss that 'Brexit may be just what the doctor ordered — for Ireland'

Apparently our government is pushing to relocate the European Medicines Agency, currently located in London, to Dublin. Given the key role of Pharma in our economy, this looks like a very good idea indeed. There are other cities in the running, but our proximity to London, the fact that we can seamlessly allow the agency to continue to work through English, and the strong focus on life sciences in our economy are strong draws. The fly in the ointment is infrastructure. The agency attracts 40,000 a year, and needs the availability of 350 hotel rooms to be available 5 nights a week. Of course, if we can meet these needs, the ancillary benefits to the economy would be huge.

So far, all the focus has been on getting finance to move here from London, but as this story shows, there are potentially lots of benefits to Ireland deriving from Brexit; the question is, can they balance the negative impact on the food and agribusiness sector. If they can, then bring it on.
This is how we should be thinking. Let's get our act together in terms of regional growth, infrastructure etc.
 

statsman

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Don't know if its Ireland's opportunity - didn't they give us a financial bail out seperate to the Trokia at the time of the crisis that needs to be paid back?
As it will be. Brexit makes absolutely no difference to the terms of that bilateral loan.
 

statsman

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They did. And the lower Sterling falls against the Euro, the cheaper repaying that "dig out" is going to be! I assume that the NTMA boys are buying up cheap Sterling at a rate of knots!
You're right, and I'm wrong. Brexit does make a difference. One that is beneficial to us.
 

PBP voter

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PBP voter

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This is how we should be thinking. Let's get our act together in terms of regional growth, infrastructure etc.
Agree. Even if fail to get it to relocate to Dublin it will be a good failure and we can improve on where we fall short.
 

hammer

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I think the rest of the EU will be anti UK in no time.

I believe that they will suffer a lot more than they expect.

Cut your Corporation Tax rate......so what.

How were their tourist numbers in 2016 ?

We will pick up a lot of this.
 

ger12

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An interesting article on Politico the other day takes as its premiss that 'Brexit may be just what the doctor ordered — for Ireland'

Apparently our government is pushing to relocate the European Medicines Agency, currently located in London, to Dublin. Given the key role of Pharma in our economy, this looks like a very good idea indeed. There are other cities in the running, but our proximity to London, the fact that we can seamlessly allow the agency to continue to work through English, and the strong focus on life sciences in our economy are strong draws. The fly in the ointment is infrastructure. The agency attracts 40,000 a year, and needs the availability of 350 hotel rooms to be available 5 nights a week. Of course, if we can meet these needs, the ancillary benefits to the economy would be huge.

So far, all the focus has been on getting finance to move here from London, but as this story shows, there are potentially lots of benefits to Ireland deriving from Brexit; the question is, can they balance the negative impact on the food and agribusiness sector. If they can, then bring it on.
I agree.

http://www.politics.ie/forum/current-affairs/249204-how-can-ireland-benefit-u-k-leaving-eu.html
 


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